MASTER 
NEGATIVE 


NO.  94 


COPYRIGHT  STATEMENT 


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Author: 


Pilsen,  John  G. 


Title: 


Complete  reform  of 
book-keeping 

Place: 

New  York 

Date: 

1877 


COLUMBIA  UNIVERSITY  LIBRARIES 
PRESERVATION 

BIBLIOGRAPHIC  MICROFORM  TARGET 


MASTER    NEGATIVE   # 


ORIGINAL  MATERIAL  AS  FILMED  -     EXISTING  BIBLIOGRAPHIC  RECORD 


1 420 


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Plben,  John  0. 

Complete  reform  of  book-keeping:  producing,  by  the 
shortest  possible  process,  even  at  a  moment's  notice,  in- 
fallibly correct  balance  sheets,  supplying  business  men 
with  an  accurate  permanent  control  of  their  stock,  and 
establishing  a  standard  system  of  practical  book-keeping 
...  By  John  G.  Pilsen  ...  New  York,  S.  W.  Green, 
printer,  1877. 

109  p.  incL  forms.    27*". 


1.  Bookkeeping. 


Library  of  Congress 


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COMPLETE    REFORM 


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BOOK-KEEPING 


Prodiicing,  b)  \k  Shortest  Pwslble  Process,  even  at  a  Moment's  lotice, 


INFALLIBLY  CORRECT  BALANCE  SHEETS, 


SUPPLYING  BUSINESS  MEN  WITH 


AN  ACCURATE  PERMANENT  CONTROL  OF  THEIR  STOCK, 


AND  ESTABLISHING 


A  STANDARD  SYSTEM  OF  PRACTICAL  BOOK-KEEPING, 

BY  SO    KEFOBMINO  AND    KEEPING    BOOKS  AS  TO    MAKE    EACH    BEAR  OUT    ITS  RESULTS  WITH    THE 

LEAST  CONSUMPTION  OP  TIME,  SPACE,  AND  LABOB. 

DESIGNED  FOR  BUSINESS  MEN  BOOK-KEEPERS  AND  TEACHERS. 


i\ 


BY 


JOHN   G.  PILSEN. 


AUTHOR  or  "BBTOBII  8T8TI1I  OY  DOUIIU^KNTBY  BOOK-KEEPINO,"  PRINCIPAL  OP  PILSIN'S  COMMEBCIAI. 

NEW  YORK. 


COLLEGE,  Ol 


NEW  YORK  : 

8.  W.    GREEK,  PRINTER  AND  ELECTROTYPER,   16  AND  18  JACOB  STREET. 

1877. 


■<9| 


CONTENTS. 


Ill 


H 


^OAU/JjUi 


I  Auut^crvucu^   j 


Entered,  according  to  Act  of  Congress,  In  the  year  1877,  by 

JOHN  G.  PILSEN, 
in  the  Office  of  the  Librarian  of  Congress,  at  Washington. 


iJ 


ALL   RIGHTS   III8ERVED. 


Preface, 


PACK 

5.  6 


PART  I. 

Accounts  in  General, -9 

New  Classification  of  Accounts, W 

Digfest  of  the  Whole  Action  of  Accounts,     . 11,  12 

Theory  of  Resources  and  Liabilities  lying  outside  of  the  Ledger,     .        .        .        .        .        .  12, 13 

Diagram  containing  the  Classification  and  Action  of  all  Accounts, 14,  15 

Balance  Sheets,  producing,  by  the  shortest  possible  Process,  Infallibly  Correct  Double  Statements,  16-20 
Examples  for  Practice  in  the  Construction  of  Balance  Sheets,  arranged  for  Progressive  Develop- 
ment,  21-28 

Answers  to  the  Given  Examples, 29,  30 

Current  Stock  Books,  showing  always  the  Goods  on  Hand 31,  33 

Current  Stock  Books  in  large  Retail  Establishments  and  in  Magazines 32,  37 

Current  Stock  Books  in  Wholesale  Houses, 38-43 

Proceedings  in  a  well  organized  Office,  if  the  Balance  Sheet  is  to  be  produced  at  a  moment's  notice,  44,  45 

PART  II. 

Introductory, .        .        48,  ^ 

Practical  Standard  Set  of  Books  of  Real  Business,  each  Book  Leading  the  Results  Directly  to 

their  Final  Adjustment, 50-109 

Invoices  Inward,     .......'.  53-58 

Invoices  Outward, 59-64 

New  Practical  Arrangement  of  Purchase  Books,         .        .  65-^ 

New  Practical  Arrangement  of  Sales  Books, 68,  69 

New  Practical  Arrangement  of  Expense  Books .        70, 71 

Check  Book,  Six  Checks  to  a  Page,  with  a  Double  Control, 72-79 

Cash  Book  arranged  for  Compilation, 80-83 

Consignments  and  Joint  Accounts  constructed  as  Journals, 84r-87 

Foreign  Account,  giving  the  Differences  of  Exchanges  between  the  Time  of  First  Record  and 

Final  Payment  of  Foreign  Notes 88 

Journal  a  Book  of  Original  Entry, 89, 90 

Ledgers 91 

Ledger  I.  for  the  Creditors, 92 

Ledger  II.  for  the  Debtors, 93 

Ledger  IIL  for  the  Property  and  Profit  and  Loss  Accotmts, 94-96 

97 

98,99 

100 

101 

101 

102 


Trial  Balance, 

Current  Stock  Book, .*.... 

Account  of  Stock •..••• 

Accounts  Current, 

Book-keeper's  Memorandum, , 

Balance  Sheet, 

Memorandum  of  Bills  Payable, 104^  105 

Memorandum  of  Bills  Receivable, 105^  107 

Account  Sales, log,  100 


1 


i 

I 


MORE  than  three  hundred  books  have  been  written  on .  Book-keepinor,  all 
professing  the  main  object  of  keeping  books  to  be  the  revealing  of  the 
actual  condition  of  business,  and  yet,  if  we  except  the  banks,  that  object  is  still 
worked  out  by  tlie  same  slow  process  as  three  centuries  ago,  every  body  clinging 
to  the  old-fashioned  usage  of  taking,  once  or  twice  a  year,  an  account  of  stock, 
and  of  regarding  the  Ledger  as  the  only  privileged  book  to  which  the  adjustment 
of  accounts  is  committed. 

As  a  consequence,  statements  can  be  made  out  only  once  or  twice  a  year, 
arid  then  only  after  a  protracted  preparation,  full  of  tedious  drudgery.  And 
when  at  last  statements  are  presented,  they  do  not  exhibit  the  business  as  it 
stands,  but  as  it  stood   at  the  time  of  closing  books,  weeks  or  months  ago. 

Thus,  business  men  are  doomed  to  go  on  in  continual  -suspense,  never 
knowing  the  real  state  of  their  affairs. 

They  might  be  insolvent  at  the  time  of  getting  the  statement,  while  it 
shows  them  to  have  made  large  gains. 

It  is  wonderful  that  such  an  abnormal  condition  of  things  could  have  lasted 
BO  long,  and  there  is  no  doubt  that  many  have  dearly  paid  for  this  defect  in 

the   system. 

Another  equally  obstructive  defect  is  the  inveterate  practice  of  all  writers 
and  teachers  of  Book-keeping,  to  make  the  books  of  original  entry  subsidiary  to 
the  Journal,  and  to  keep  this  book  as  the  receptacle  of  all  transactions,  involv- 
ing a  change  or  transfer  of  values.  This  is  exactly  the  same  method,  only 
dressed  after  a  new  fashion,  as  the  now  obsolete  Day-Book  combined  with  the 
Journal  of  the  old  Italian  Book-keeping.  It  burdens  Book-keeping  with  the 
heavy,  unnecessary  incumbrance  of  numberless  promiscuous  entries,  and  dete- 
riorates from  other  books  their  adaptability  to  a  much  better  use  than  has  thus 
far  been  made  of  them. 


6 


I'  1 
I' 


I: 


On  the  whole,  the  existing  system  of  Book-keeping  is  a  too  slow  and  too 
clumsily  working  machine  to  suit  the  times. 

Nowadays,  brevity,  rapid  execution,  and  a  quick  exhibit  of  facts  are  pre- 
dominant requirements,  and  business  calls  earnestly  for  plain,  positive  results, 
and  for  a  brief  mode  of  their  adjustment. 

To  adapt  Book-keeping  to  these  exigencies,  the  author  has  taken  upon 
himself  the  task  to  inaugurate  a  thorough  reform,  beginning  at  the  root  and 
going  over  the  whole  field  of  the  science. 

To  tliis  end,  he  establishes  a  new  classification  of  accounts;  lays  down  a 
full  theory  of  assets  and  liabilities  lying  outside  of  the  Ledger;  institutes  an 
accurate,  permanent  control  of  stock,  showing  always  the  goods  on  hand ;  takes 
from  the  Ledger  and  Journal  their  obstructive  features ;  gives  such  rules  and 
directions  by  the  help  of  which  an  infallibly  correct  Double  Statement  can  be 
produced,  even  at  a  moment's  notice,  and  presents  a  practical  standard  set  of 
books  of  real  business,  in  which  each  book  is  so  devised  and  kept  as  to  afiPord 
not  only  the  most  comprehensive  view  and  the  greatest  accuracy  in  the  small- 
est compass,  but  also  the  simplest,  shortest,  and  quickest  mode  of  bringing  the 
results  to  their  final  adjustment. 

Trusting  that  a  work  thus  qualified,  and  supplying,  as  it  does,  a  great  want, 
will  not  go  amiss  in  the  accomplishment  of  its  objects,  it  is  hereby  cheerfully 
submitted  to  a  careful  examination  by  the  public 


PART  I 


^kfA^mmi 


9 


ACCOUNTS   IN   GENERAL. 


A 


The  available  means  of  a  business  are  its  Kesources  (Assets,  Effects),  the  debts 
or  obligations,  by  which  it  is  bound  to  pay  certain  amounts,  its  Liabilities.  Conse- 
quently, any  kind  of  value  belonging  to  the  business  is  a  Eesource,  and  any  amount 
the  business  owes  a  Liability. 

The  difference  between  all  available  means  on  the  one  hand,  and  all  debts  or 
obligations  on  the  other,  constitutes  the  actual  worth  of  a  single  individual  as  well 
as  of  a  business  concern,  and  there  is  a  Net  Capital  where  the  Resources  exceed  the 
Liabilities,  and  a  Net  Insolvency  where  the  case  is  vice  versa. 

Whatever  our  dealings  may  be,  and  whatever  we  undertake  in  business,  will 
always  be  accompanied  by  a  change  of  values,  and  any  of  our  transactions  must 
result  either  in  an  increase  or  decrease  of  our  Resources,  or  in  an  increase  or  de- 
crease of  our  Liabilities,  such  changes  involving  an  equal  share  of  gains  or  losses, 
since  no  gain  is  possible  without  increasing  our  Resources  or  decreasing  our  Liabil- 
ities, and  no  loss  without  decreasing  our  Resources  or  increasing  our  Liabilities. 

Thus,  whatever  account  we  may  create  to  express  the  result  of  any  transac- 
tion, the  final  adjustment  of  it  will  always  show  either  a  Resource  or  a  Liability,  or 
a  Gam  or  a  Loss,  and  the  process  of  adjusting  all  accounts  will  end  in  establishing 
the  Net  Capital  by  two  distinct  Statements ;  on  the  one  hand,  by  showing  all  avail- 
able  means  and  debts,  and,  on  the  other  hand,  how  much  the  starting  Capital  has 
been  increased  in  consequence  of  a  Net  Gain,  or  decreased  in  consequence  of  a 
Net  Loss. 

From  this  can  easily  be  inferred  that  there  are  but  two  classes  of  accounts  in 
Double-Entry  Book-keeping,  one  Cla^  (Resources  or  Liabilities)  representing  the 
substance  of  the  estate  of  the  business,  and  the  other  Class  (Gains  or  Losses)  serving 
as  a  supplement  to  the  original  capital,  to  regulate  its  increase  or  decrease  in  the 
same  proportion  as  is  manifested  in  the  estate  of  the  business. 

There  will  be  a  General  Title,  that  will  serve  to  unite  under  its  head  all 
accoimts  belonging  to  each  class  when  ready  for  final  settlement:  Balance  account 
will  be  the  receptacle  of  all  Resources  and  Liabilities,  and  Profit  and  Loss  account 
the  receptacle  of  all  Gains  and  Losses. 

The  Balance  account  will  furnish,  by  the  difference  of  its  two  sides,  one  fully 
specified  Statement  of  the  Net  Capital,  and  Profit  and  Loss  account  will  furnish  the 
other  stetement  by  showing,  in  a  fully  specified  list  of  all  gains  and  losses,  how  much 
the  Net  Capital  (exhibited  in  the  first  statement)  must  be  greater  or  smaller  than 
the  Ongmal  Capital  at  starting.  Both  Statements,  giving  the  same  result  from  two 
totelly  different  classes  of  accounts,  prove   conclusively  the  correctness  of   each 


class: 


The  following  diagram  shows  the  classification  of  accounts  belonging  to  each 


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DIGEST 

OF   THE    WHOLE    ACTION   OF   THE   ACC50UNT8   IN    GENERAL. 


Except  the  accounts  of  changeable  value,  if  the  whole  lot  of  property  bo  not 
sold  (and  those  presenting  Outside  Kesources  or  Liabilities,  see  next  oaragi-aph), 
the  differences  of  all  accounts  will  give  us  at  any  time  positive  results  : 

Debit  Differences  of  accounts  of  constant  value  will  be  Resources. 
Credit  Differences  of  accounts  of  constant  value  will  be  Liabilities.  -* 

Debit  Differences  of  positive  Profit  and  Loss  accounts  will  be  Losses. 
Credit  Differences  of  positive  Profit  and  Loss  accounts  will  be  Gains. 
In  accounts  of  changeable  value,  the  Difference  would  also  give  a  positive 
result ;  if  the  whole  lot  of  property  were  sold, 

Debit  Difference  would  be  a  Loss, 
Credit  Difference  would  be  a  Gain. 
If  the  whole  lot  of  property  be  not  sold,  the  Difference  between  the  whole  lot 
in  the  Debit  side  and  portions  sold  in  the  Credit  side  will  signify  nothing. 

In  this  case,  something  must  be  done  to  get  at  a  Difference,  which  will  also  give 
a  positive  result — i,  e.,  we  must  prepare  the  respective  accounts. 

This  is  done  by  carrying  from  the  inventory  the  amounts  of  properties  unsold 
to  the  Credit  side  of  the  respective  accounts,  adding  them  there  to  the  portions  sold, 
and  then  extracting  from  the  totals  of  the  two  sides  the  final  Difference,  which. 

If  Debit  Difference,  will  be  a  Loss, 
If  Credit  Difference,  will  be  a  Gain. 
The  accounts  of  changeable  value  (and  those  presenting  outside  Res^jurces  or 
Liabilities,  as  will  be  seen  hereafter)  thus  .prepared,  the  Balance  Sheet  will  exhibit 
the  two  classes  of  accounts  in  their  true  nature,  the  accounts  of  constant  value  as 
Resources  and  Liabilities,  all  other  accounts  as  Gains  and  Losses. 
Debit  Differences  in  accU.  of  const  value  wiU  he  Resources;  in  all  other  acets.  Losses. 
Credit  Differences  in  accts,  of  const,  value  will  he  Liahilities;  in  all  other  acets.  Gains. 
As  was  said  on  page  9,  Balance  account  and  Profit  and  Loss  account  are  the 
General  Titles  to  unite  under  their  head  all  accounts  belonging  to  each  class.  As 
often  then  as  we  desire  to  show  the  Net  Capital  of  the  business,  we  transfer  all 
gains  and  losses  into  the  receptacle  "Profit  and  Loss,"  and  carry  from  it  the  Net 
Gain  (if  the  gains  exceed  the  losses)  or  the  Net  Loss  (if  the  losses  exceed  the  gains) 
t^  the  proprietor's  or  partners'  accounts,  where  we  shall  get  the  first  Statement  of 
the  present  Net  Capital,  consisting  of  the  Original  Capital  plus  the  Net  Gain  or 
minus  the  Net  Loss. 

Then  we  transfer  the  properties  nnsold  from  the  Inventory  and  the  Differences 
of  accounts  of  constant  value  to  the  Balance  account  as  Receptacle  of  all  Resources 
and  Liabilities,  and  that  will  give  us  a  Second  Statement  of  the  Present  Net  Capital 
specifying,  as  it  were,  in  a  fully  detailed  List  of  ^11  Effects  and  Liabilities,  the  real 
condition  of  the  estate  of  the  business. 

These  operations  can  be  executed  in  a  quarter  or  a  half  of  an  hour  on  the 
Balance  Sheet,  while  it  takes  days  and  often  weeks  to  perform  them  on  the  Led<rer 
It  IS  therefore  a  curious  notion  to  stick  to  the  old  style  of  adjusting  or  closimr'the 
accounts  on  the  Ledger. 

If  every  thing  has  been  made  correct,  the  two  statements  will  always  show  the 
same  result,  and  thus  prove  reciprocally  the  correctness  of  each  other. 


/ 


!l 


12 

The  rektion  between  ti.e  proprietor',  or  partners'  acconnts  and  the  Balance 
^eoun  will  be  readily  understood  when  we  remember  that  no  gain  is  p^We 
without  increasing,  and  no  loss  withont  decreasing  the  property  in  bnsiness     Had 

UT  .r'7  ^'"  '"■  ^r  "'  ^^*'"  "*  ''  '^''"^•^  *"  *•'«  proprietor's  or  partners' 
firr  ;  u-  T^"  "■■  ?*'«'*r*'""  «*■  «'«  property  in  business  wonld  have  mani- 
fested  Itself  in  the  proprietor's  or  j.artners'  accounts  and  to  the  same  extent  in  the 
Balance  account  Havn.g  chosen  to  express  the  gains  and  losses  by  specific  titles, 
~  T  1  Z  T'  ""**  ^  ^'"''"''  '"''••''«  ^y  «'«  Ne  Gain  the  ne 
aSri  '■  "  .  .'  ^  *'*^  r  '^"•"'^  "'  *•'«  ^'^^^y  -  business,  which, 
thrOrili  PTT  r  "••!«''*"«'*  ''<'««««»«,  will  conclusively  show  to  what  extent 
the  Ongmal  Capital  has  been  increased  or  deceased,  presenting  a  Net  Capital, 
which  must  be  perfectly  the  same  as  the  actual  estate  of  the  bnsinl  in  the  SCce 


THEORY 

OF  Ol'TSIDK    KESOIKCE8    AND   LIABILITIES. 


Since  this  species  of  Resources  and  Liabilities  is  only  very  loosely  or  not  at  all 
mentioned  in  the  most  notable  books,  and  since  their  knowledge  and  record  in  the 
statement  is  absolutely  necessary  to  produce  a  correct  Present  Net  Capital,  we  must 
-before  laying  down  the  Rules  for  the  execution  of  the  Double  Statement- 
necessarily  establish  a  theory  of  their  purport  and  treatment 

We  understand  under  Outside  Resources  and  Liabilities  every  tliing-what  the 
busii^  possesses,  or  has  good,  or  owes  outside  of  the  Inventory  and  the  Ledger 

They  can  consequently  not  arise  frim  properties  unsold,  for  which  an  account 
of  Stock  IS  ta,ken,  and  can  also  never  arise  from  accounts  of  constant  value,  which 

ITltdSereYcr'  "'*'  ^^'^  '""^  '''"'''  ""*^  ^^^^  ^«^"^*«  ^  ^'^^^  «-e„ 

must^S  fTtfem.  '""  '"'"  '""  *''  "'""  "*^^""^«  ^'  '*~*«'  ""'^  «'-  -• 
In  the  first  place,  our  attention  must  be  directed  to  those  accounts  of  change- 
able value,  which  represent  properties  that  have  not  been  bought  for  sale  but  for 
business  use.  ,      nv« 

If  there  are  any  such  properties  in  business,  tJiey  ought  to  be  kept  under 
separate  titles,  such  as :  Fixtures,  Furniture,  Equipments— Lease-Live  Stock 

For  Fixtures,  Furniture,  Equipments,  separate  inventories  are  kept  and  a  per 
cent  rate  of  the  total  cost  is  usually  taken  off  for  wear  and  tear ;  the  others  of  theL 
properties,  at  the  time  of  stating  the  Net  Capital,  are  valued  by  appraisal.  So  much 
as  is  set  down  as  being  their  value,  is  a  Resounse,  and  with  it  eacli  of  these  accounts  is 
prepared  m  the  same  manner  as  merchandise  with  the  amount  of  goods  on  hand  unsold 

Next  our  attention  is  to  be  directed  to  those  accounts  of  changeable  value  that 
represent  properties  bought  on  speculation,  and  we  must  see  whether  they  offer 
such  items  as  ^       «- 

Interest  on  Bonds,  "j 

Dividends  on  R.  R.  Stocks,     |     Due  or  realized,  but  not  yet 


Eents  from  Real  Estate, 
Proceeds  from  Sliips, 


received. 


13 

Or  whether  there  are  Liabilities  pending  on  any  of  these  properties  in  Internal 
Revenue  or  City  Taxes,  already  assessed,  but  not  yet  collected. 

Then  our  attention  must  be  paid  to  such  Proiit  and  Loss  accounts,  which  are 
capable  of  admitting  a  Resource  or  Liability  yet  unsettled  or  pending.  We  must 
see : 

1.  "Whether  there  is  interest  pending  for  or  against  us  on  mortgages  or  notes. 

2.  Whether  there  is  interest  pending  for  or  against  us  in  accounts  current,  or 

in  items  made  due  by  equation  or  by  special  terms. 

Although  it  might  be  intended  to  close  accounts  current  only  once  a 
year,  the  debit  or  credit  balance  of  interest  must  be  drawn  up  as  often  -as 
a  Statement  of  the  Net  Capital  is  to  be  made  out. 

3.  Whether  rent  is  due  on  our  hired  premises  for  expired  time,  or  whether  we 

have  an  amount  good  on  rent  paid  in  advance. 

4.  Whether  there  is  a  Liability  pending  in  taxes  already  assessed  but  not  yet 

collected. 

6.  Whether  we  owe  for  consumed  gas-light,  for  which  no  bill  has  yet  been 
presented. 

6.  Whether  there  are  wages  due  to  workmen,  if  the  aay  of  stating  the  Net 

Capital  happens  to  fall  into  one  of  the  middle  days  of  the  week. 

7.  Whether  there  is  fuel,  stationery,  or  whether  there  are  stamps  unconsumed 

omhand  worth  showing  a  Resource. 

If  no  separate  accounts  have  been  kept  for  any  of  these  items,  that  account,  to 
which  they  have  been  placed,  will  have  to  be  prepared  for  them. 

All  these  specifically  enumerated  particles  are  to  be  carefully  looked  after  at 
the  time  of  making  out  the  Statement,  and  those  found  being  in  business  to  be  duly 
recorded,  since  each  of  them  constitutes  just  as  legitimate  and  valid  a  Resource  or 
Liability,  as  any  other  derived  from  the  inventory  or  from  an  account  of  constant 
value,  working  with  equal  effect  to  increase  or  decrease  the  estate  of  our  business 
and  to  define  a  correct  Statement  of  the  Present  Net  Capital. 

The  record  kept  for  these  items,  and  the  list  made  out  of  them  at  the  time  of 
stating  the  Capital,  we  shall  call  the  "  Book-keeper's  Memorandum."  From  this 
memorandum,  when  perfected,  the  items  will  drop  in  the  Balance  Account,  which 
is  the  receptacle  created  for  them,  but  as  no  increase  of  property  is  possible  without 
a  corresponding  gain,  and  no  decrease  of  property  without  a  corresponding  loss, 
every  Outside  Resource,  increasing  the  Capital,  will  also  work  a  gain,  and  as  such  be 
placed  to  the  credit  side  of  the  respective  account  as  an  offset  of  the  cost  or  as 
additional  proceeds;  and  every  liability,  decreasing  the  Capital,  will  also  work  a 
loss,  and  as  such  be  placed  in  the  debit  side  of  the  respective  account  as  an  offset 
against  the  proceeds  or  as  additional  expenditure.  Pending  Liabilities  are  not 
exactly  expenditures  at  the  time  of  being  thus  recorded,  but  Cash  must  be  held 
ready  to  cover  them ;  and  this  cash,  although  still  in  our  safe,  is  no  more  ours,  and 
must  be  considered  as  an  outgo. 

A  full  Rule  of  the  treatment  of  Outside  Resources  and  Liabilities  will  be  found 
in  the  Paragraph  on  Balance  Sheets. 

The  following  diagram  gives  the  classification  and  action  of  all  accounts  inclu- 
sive Outside  Resources  and  Liabilities. 


I 


II 


# 


m 
H 

U 
O 

o 

< 

o 

OQ 
< 

O 

P 
O 

o 

OQ 


OQ 

H 

/^ 

Q 
Q 

O 

OQ 

O 

H 


CO 


PC) 


CO 


PQ  PQ  pq 


1 


16 

The  following  Trial  Balance,  Inventory,  and  Book-keeper's  Memorandum  will 
serve  for  exempliiication  in  the  development  of  the  next  plan.  They  represent  the 
condition  of  a  partnership  business  at  the  end  of  October,  1875,  the  style  of  the 
firm  being  Damm,  Field  &  Parson. 


17 


TRIAL   BALANCE. 

Dr.  Or 


Damm,  Fr.  C. . . 

Field,  Edw 

Parson,  Henry.. 
Sundry  Debtors. 
SundryCreditors 

Casb 

Bills  Receivable. 
Mortgage  Pay. . 

Remittance 

Merchandise.  . . 

R.  R.  Stocks 

Ship  Halifax. . . 

Real  Estate 

U.  S.  Bonds. . . . 

Rent 

Int.  and  Disc. . . 

Taxes 

Expenses 

Brokerage 


410815 

I 

13514 
9342  08 

20  — 
6249  76 

6- 

5400  — 

17012  — 

4645  — 

240  — 


247  — 


11776 
11776 

5888 

8819 
9000 


64 
64 
32 

50 


INVENTORY 
Of  Properties  remaining  unsold  October  Z\st,  1875. 


140 


47405  13 


47405 


03 


13 


2  Hhds.  Porto  Rico  Molasses @  52ic.  f»  gal. 

2000  lbs.  Florida  Rice @  12c.  f^  lb.. . 

2000  lbs.  Carolina  Rice @  lie.    "    .. . 

45  Bales  Prime  Canada  Hops,  1 1250 lbs.@50ic.  ^  lb. 

160  lbs.  Havana  Tobacco %  %\.—    "     . 

1000  bush.  Barley  Malt @    1.25  ^bsh. 


66 
240 
220 

5681 
160 

1350 


15 


25 


\  Share  of  Ship  Halifax,  valued  at 

Dwelling-house  in  Canal  St 

14000  U.  S.  Bonds,  Five-Twenties,  valued  at. 


7717 

5400 

17000 

4660 


40 


BOOK-KEEPER'S  MEMORANDUM. 
Outside  Resources. 


One  month's  Rent  paid  in  advance  for  wareroom 

One  month's  Rent  due  on  dwelling-house  in  Canal  St 

As  per  advice,  \  share  of  the  net  proceeds  of  the  last  trip  of 
Ship  Halifax  realized,  but  not  yet  received 


Outside  Liabilities. 

Interest  due  on  Mortgage-Pay  for  90  days 

Internal  Revenue  Taxes,  assessed  but  not  yet  paid 

Tax  for  city  improvements  on  house  in  Canal  St.,  assessed 
but  not  yet  paid 


120 
280 

180 


185 

250 

150 


A  single  Statement  of  the  Net  Capital  of  this  firm  could  at  once  he  made  out 
hy  recording  Debit  Differences  of  accounts  of  cmistant  value  and  the  respective  data 
from  the  Inventory  and  BooJc-Jceepei'' s  Memorandum  as  Resources,  and  Credit 
Differences  of  a^ccounts  of  constant  value,  and  the  respectioe  data  from  the  Book- 
keeper''s  Memorandum  as  Liabilities  ;  but  we  discard  the  Single  Statement,  thus  far 
practiced,  having  in  view  to  establish  in  its  place  a  DouhU  Statement  with  a  complete 
adjustment  of  accounts,  made  out  on  the  Balance  Sheet  in  nearly  the  same  short  time. 

Rule  and  prepare  the  schedule  of  the  Balance  Siteet  as  follows  : 

1.  Draw  with  red  ink  the  horizontal  lines  for  the  heading. 

2.  Drop  two  inches  from  the  left  border  with  pencil  one  vertical  line  and  another  cloae  to  it,  ^  of 

an  inch  distant. 

3.  The  space  between  this  last  line  and  the  right  border  across  the  paper  divide  into 

4  equal  partitions  in  a  single  proprietor's  business. 

5  equal  partitions  in  a  business  with  two  partners. 

6  equal  partitions  in  a  business  with  three  partners. 

7  equal  partitions  in  a  business  with  four  partners,  etc.,  etc., 
and  draw  vertical  lines  with  pencil  to  mark  these  partitions. 

4.  Count  or  rule  from  the  lower  head-line  as  many  horizontal  lines,  from  the  top  to  the  bottom, 

as  there  are  accounts  in  the  Trial  Balance,  abridged  by  the  titles  "  Sundry  Debtors "  and 
"  Sundry  Creditors,"  and  draw  for  the  first  partition  (Trial  Balance)  the  foot-line,  and  beneath 
it  one  for  the  equilibrium.     The  foot-line  for  the  second  partition  is  drawn 

One  line  deeper  in  a  single  proprietor's  business. 

Two  lines  deeper  in  a  business  with  two  partners. 

Three  lines  deeper  in  a  business  with  three  partners. 

Four  lines  deeper  in  a  business  with  four  partners,  etc.,  etc., 
and  one  beneath  it  for  the  equilibrium.    The  foot-line  for  each  partner's  partition  is  placed 
one  line  deeper  from  that  previously  made,  and  one  is  always  placed  beneath  it  for  the  equi- 
librium.    The  foot.line  of  the  last  partner  is  then  prolonged  into  the  partition  of  Balance  Ac- 
count, where  two  lines  deeper  la  placed  the  last  foot-line,  with  one  beneath  it  for  the  equilibrium. 

5.  Divide  each  partition  into  two  equal  parts,  and  draw  with  red  ink  vertical  Debit  and  Credit 

money  columns  from  the  lower  head-line  till  to  the  foot-line  of  each  partition. 

6.  Superscribe  the  schedule  iu  the  way  as  seen  in  the  given  pattern,  and  copy  into  it  the  abridged 

Irial  Balance. 


BALANCE    SHEETS. 


PRODUCING,    BY   THE    SHORTEST   POSSIBLE    PROCESS     INFALLIBLY   CORRECT   DOUBLE 

STATEMENTS. 


Take  down  from  the  Ledger  the  Trial  Balance  by  Differences,  and  accustom 
yourselves  from  the  start  to  the  idea,  that  the  Ledger,  having  given  you  that  much, 
has  accomplished  all  its  function. 

There  should  be  a  separate  Ledger- for  the  Debtors,  another  for  the  Creditors, 
both  daily  balanced  like  Deposit  Ledgei-s,  and  a  third  one  for  the  Property  and 

Profit  and  Loss  accounts.  r\  • 

By  this  arrangement  the  Trial  Balance  could  be  taken  in  sections.  One  assist- 
ant would  furnish  from  the  first  Ledger  a  List  of  Debtors,  another  from  the  second 
Ledger  a  List  of  Creditors,  which,  with  their  aggregates  under  the  titles  "  Sundry 
Debtors  "  and  "  Sundry  Creditors,"  would  pass  into  the  Trial  Balance  taken  from 

the  third  Ledger. 

Where  only  one  Ledger  is  kept,  the  quantity  of  its  space  ought  to  be  appor- 
tioned accordingly,  and  the  Trial  Balance  arranged  in  the  same  manner.  Have  the 
schedule  of  the  Balance  Sheet  prepared  in  as  many  copies  as  there  are  partners  in 
business,  and  copy  into  it  the  Trial  Balance,  abridged  by  the  titles  "Sundry  Debt- 
ors" and  "  Sundry  Creditors." 

As  soon  as  the  Inventory  is  taken  and  the  Book-kseper' s  Memorandum  perfect- 
ed, proceed  at  once  to  execute  tJie  Double  Stateinent  and  Adjustment  of  Accounts  on 
the  Balance  Sheet. 


RULES 

FOR   THE    ADJUSTMENT   OF    ACCOUNTS   ON   THE    BALANCE    SHEET. 


I. 


The  Differences  in  all  accounts  will  give  you,  at  any  time,  positive  results, 
except  in  accounts  of  changeable  value,  that  show  portions  unsold  on  the  In- 
ventory, and  in  such  accounts,  that  are  recorded  in  the  Book-keeper's  Memo- 
randum, as  containing  an  outside  Resource  or  Liability.  To  get  in  these 
accounts  at  the  final  difference,  they  must  be  prepared. 

RULE 

For  Preparing  Properties  unsold  from  the  Inventot*y  and  Outside  Resources 

from  the  Book-keeper'* s  Memorandum. 

Take  from  the  Inventory  the  amounts  of  properties  unsold,  and  those  from  the  Book-keeper's  Memoran- 
dum, of  properties  unused  and  pending  Besources,  and  plaoe  them  with  red  ink  on  the  Credit  side  of  the 
respective  aecounts  in  the  Trial  Balance  on  the  Balance  Sheet,  and  transfer  them  at  the  same  time  with  black 
ink  to  the  Debit  side  of  the  Balance.  Aocount  on  the  Balance  Sheet. 

RULE 
For  Preparing  Outside  Liabilities  from  the  Book-keeper^ s  Memorandum. 

Take  the  amounts  of  Outside  Liabilities  from  the  Book-keeper's  Xemorandum,  place  them  with  red  ink 
on  the  Debit  side  of  the  respective  accounts  in  the  Trial  Balance  on  the  Balance  Sheet,  and  transfer  than 
at  the  same  time  with  black  ink  to  the  Credit  side  of  the  Balance  Account  on  the  Balance  Sheet. 


18 


19 


\ 


The  accoonU  being  thus  prepared  on  the  Balance  Sheet,  their  differences  will  now  exhibit  the  two 
claiMi  in  their  true  nature : 

Debit  Differences  in  accounts  of  constant  value  will  show  BESOTTRCES,  in  all  other  accounts,  LOSSES 
Credit  Differences  in  accounts  of  constant  value  will  show  LIABILITIES,  in  all  other  aocounU,  0AIK8. 

II.    Dispose  of  the  Differences  hij  placing  them  In  the  Right  Spot, 

RULE. 

Debit  Differences  of  accounts  of  constant  value  beincr  Resources  •  i'^"*  *'*•"*  *"*  t^«  Iklbit  side 

'  /     of  the  Balance  Account. 

Credit  Differences  of  accounts  of  constaut  value  bein^  Liabilities-  i^^*®®  ^«°*  i»  t^«  Credit  side 

I     of  the  Balance  Account. 

Debit  Differences  of  all  other  accounts  being  Losses : i  ^^**®  ^^•^  ^  ^^  J>«Wt  side 

t  of  Profit  and  Loss  Aocount. 

Credit  Differences  of  all  other  accounts  bein^  Gains  • J  ^^*«  ^^®™  ^°  ^^*  ^'•^^  ■**• 

^   ^.„  .  "  '        '  i  of  Profit  and  Loss  Account. 

The  Differences  of  proprietor's  or  partners'  accounts  place : 

If  Debit  Differences,  in  the  Debit  side    K,  .v  :  *•         ^t.i 

If  Credit  Differences,  in  the  Credit  side  I  **^  ^®^  respective  partitions. 

For  those  who  content  themselves  with  a  Double  Statement  of  the  Net  Capital  without  its  appor- 
tionment among  the  partners,  the  above  Rules  are  sufficient  to  attain  the  object.  They  miffht  only 
draw  up  one  of  the  following  two  forms :  ^  ^       e>  j 


NEW  YORK, 
October  Slitt,  1875. 


Damm,  F.  C 

Field,  Edw 

Parson,  Henry 

Sundry  Debtors 

Sundry  Creditors . . 

Cash 

Bills  Receivable. . . 
Mortgage  Payable. 

Remittance 

Merchandise 

Railroad  Stocks. . . . 

Ship  Halifax 

*Real  Estate 


United  States  Bonds.. . 

Rent , 

Interest  and  Discount. 

Taxes 

Expenses 

Brokerage 


Trial  Balance. 

Final  Differences 

j  AFTER  FKEPARINO.  ( 

1 

Profit  AND  Loss. 

BALi 

iNCE- 

Dr. 

Cr. 

Dr. 

Cr. 

Dr.    \     Or. 

Dr. 

Cr. 

11776:64 

) 

11776 

64 

V  29441 

60 

5888 

32 

\ 

4108 

15 

8819 

50 

4108 

15 

,   8819 

50 

4109 

15 

8819 

50 

135 

14 

;  135 

14 

135 

14 

9342 

08 

9000 

,  9342 

08 

1   9000 

_ 

9342 

08 

9000 

20 

— 

20 

— 

1 

20 

, 

6249 

76 

7717 

40 

1467 

64 

1467 

64 

7717 

40 

6 

— 

6 

— 

6 

— 

5400 

— 

180 
5400 

180 

— 

180 

""" 

5580 

150 



880 

17000 

—  17666 

^_ 

118 

^^ 

118 

— 

t»80 

— 

150 

4645 

— 

4660 

15 

— 

15 

^^ 

4660 

, 

240 

— 

120 

— 

120 

— 

120 

— 

120 

mm^ 

185 

140 

03 

~— 

5 

03 

5 

03 

135 

^^ 

250 

— 

250 

— 

250 

— 

250 

^^^ 

247 

— 

247 

— 

247 

— 

4-! 

4 

— 

4 

— 

DOUBLE  STATEMENT  OF   THE   PRESENT  NET  CAPITAL. 


Resources. 


Sundry  Debtors. 

Cash.. 

Bills  Receivable. 

Remittance 

Merchandise. . . . 


410815 

13514 

9342  08 

20  — 

7717  40 

Ship  Halifax I  5580  — 


Real  Estate 

United  States  Bonds. 

Rent 


Liabilities. 

Sundry  Creditors 

Mortgage  Payable 

Real  Estate 

Interest  and  Discount. 
Taxes 


17280  — 

46«K)  — 

120  — 


881950 

9000  — 

150  — 

135  — 

250- 


Pre»ent  Net  Capital. 


48962 


18354 


30608 


77 


.50 
27 


Gains. 

Merchandise 

Ship  Halifax 

Real  Estate 

United  States  Bonds  . . 
Interest  and  Discount . 
Brokerage 


IjOSSES. 


Railroad  Stocks.. 

Rent  . 

Taxes 

Expenses 


146764 

180  — 

1181— 

15,- 

5|a3 

4  — 


6 
120 
250 
247 


■r 


Net  Gain 

Add  to  it  Original  Capital. 

Present  Net  Capital.   


1789 


623 


1166 
29441 


67 


30608 


67 
60 

27 


*Mark  the  peculiar  featnre  of  Real  Estate  account,  being  prepared  by  two  Resources  and  one  Liability. 


^ 


Add  np  the  gaina  and  Iomm  (on  a  slip  of  paper),  and  draw  between  their  footings  the  difforenoe,. 

which 


If  Debit  Difference,  will  be  a  Ket  Lom, 
If  Credit  Difference,  will  be  a  Net  Gain, 


From  which  the  proportional  share  of 
each  partner  is  made  out  according^ 
to  partnership  aj^reement. 


Close  Profit  and  Loss  Account. 
EULE. 

Place  its  difference  or  the  proportional  share  of  each  partner  with  red  ink  in  its  smaller  side,  and  trans- 
fer the  same  with  black  ink  in  the  opposite  side  of  the  proprietor's  or  partners'  accounts. 

This  proceeding  will  produce  the  Present  Capital  of  each  partner,  and  by  the  sum  of  these  Capitals  the 
FIB8T  STATEMENT  OF  THE  PSESENT  NET  CAPITAL  OF  THE  FISM. 

XV.    Close  Proprietor's  or  Partner^  Accounts. 

RULE. 

Plaee  in  the  proprietor's  or  each  partner's  partition  the  difference  (partner's  capital  or  insolvency),  with 
red  ink  in  the  lesser  side,  and  transfer  these  differences  (brought  into  an  aggregate),  also  with  red  ink,  to  the 
opposite  side  of  the  Balance  Account,  beneath  the  line  provided  for  the  Total  of  Besources  and  Liabilities. 

V.    TJie  Correctness  of  the  whole  Work  is  then  tested  by  the  Second  Statement. 

RULE. 

Foot  up  both  sides  of  the  Balance  Account,  which  will  produce  the  Total  of  all  Besources  and  Liabilities, 
and  by  their  difference  THE  SECOND  STATEMENT  OF  THE  PBESENT  NET  CAPITAL  OF  THE  FDIM, 
which  must  be  equal  to  the  first,  so  that  the  aggregate  of  the  partners'  capitals,  placed  biflieath,  must  exactly 
dose  up  the  Balance  Account,  establishing  the  fact  of  the  correctness  of  the  whole  work. 

There  is  no  Risibility  of  an  error  if  every  thing  is  done  according  to  BXTLE. 


In  Joint-Stock  Companies,  or  where  only  the  whole  capital  is  known  (the  partners  being  kept  secret),  the 
book-keeper  will  act  as  in  a  single  proprietor's  business,  using  instead  the  proprietor's  name  the  Title: 
"CAPITAL  ACCOUNT"  or  Stock.   . 

The  whole  manipulation  is  so  plain,  comprehensive,  and  easy,  and  at  the  same  time  so  rapid  in  its  ezeen- 
tion,  that  it  must  astonish  how  the  existing  toilsome  and  time-wasting  method  of  adjusting  the  accounts  on 
the  Ledger  could  have  lasted  so  long. 

If  you  look  at  the  Balance  Sheet,  which,  by  way  of  exemplification  and  for  form's  sake,  is  given  on  next 
page,  yon  will  find  that  it  furnishes  just  as  ftdl  a  description  of  the  business  as  any  manipulation  on  the 
Ledger  could  produce,  and  that  the  Ledger  itself  appears  on  it  essentially  closed. 

The  mechanical  labor  of  closing  the  Ledger  by  red  lines  and  of  forwarding  the  balances  to  new  account, 
is  only  of  secondary  importance,  and  can  easily  be  performed  by  any  of  the  assistant  book-keepers  from  the 
Balance  Sheet  and  the  List  of  Debtors  and  Creditors. 

The  practice  of  presenting  partners  with  Balance  Sheets  is  not  new,  but  thus  far  everybody  has  been 
teught  to  close  the  Ledger  first  and  then  to  copy  the  results  into  the  Balance  Sheet,  which  took  days,  weeks, 
and  often  months  to  perfomf.  This  is  the  main  reason  why  this  form  of  statement,  although  the  most  eon- 
densed  and  perfect,  has  never  been  adopted  to  any  great  extent  in  business  houses.  We  hope,  by  M«'gwiiiy  to 
it  the  primary  function  of  ac^usting  on  its  fstce  the  accounts  in  less  than  half  an  hour,  to  see  it  brought  into 
general  use. 


20 


I 


cjj^  «J  g  3  osn:  O  ®  ®     . 


02 


to  S  «  »- 


S    {J(S»S*  »PQ 


ft, 

ft; 


21 

EXAMPLES    FOR   PRACTICE 

IN   THE    CONSTRUCTION   OF   BALANCE   SHEETS. 

Arranged  for  progressive  development  with  four  Trial  Balances  withont  Inventory, 
four  with  Inventory,  and  five  with  Inventory  and  Book- 
keeper's Memorandum. 


TRIAL    BALANCE    I., 

Representing  a  business  in  which  there  are  no  portions  of  property 

unsold  or  unused. 


TRIAL  BALANCE, 
J\r«tr  Tork,  December  31,  1876 


1 
3 
3 
4 
5 
6 
7 
8 
9 


*Wm.  CTdfton... 

Jos.  Drake 

Cbas.  Allen 

Andr.  Diepold.. . 

Cash  

Bills  Payable.  . . 
Bills  Receivable. 

Merchandise 

Expenses 


10|  Office 


876. 

1 
1000  — 

1600  — 

672  — 

600  — 

995  — 

1 

600  — 

1120  — 

1 

372  — 

65  — 

120  — 

1 

3572  — 

3572  — 

If  there  be  no  portions  of  property 
unsold  or  unused,  which  might  be 
the  case  after  liquidation  of  a  business 
or  private  concern,  the  Trial  Balance 
is  only  to  be  systematically  arranged 
to  show  the  Double  Statement,  and  a 
single  sheet  form  will  do  as  well  to 
give  the  proper  exhibit. 


Where  there  are  no  portions  of  property  unsold  or  unused,  the  differences  of 
all  accounts  give  positive  results,  viz. : 

DehUDifferemm  of(umunts  of  comUnt  valv^  are  Resources,  in  all  other  aec<mnts. 


Losses. 
Credit  Differences  of  accounts  of  constant  value  are  Liabilities,  in  all  other 


accounts^ 


forms: 

FOBM  I. 

Retoireei. . 
LUUlltles. 

ItOMCR 

CiaiM. 


0 

Thus,  they  can  at  once  be  brought  down,  arranged  in  either  of  the  following 


BALANCE  SHEET. 
yew  York,  December  81,  1876. 


Cha«.  Allen 

Andr.  Diepold  . . 

-     Cash 

7    Bills  Receivable 


9 
10 

8 


$8887.- 


2800.- 


Jo8.  Drake 

Bills  Payable., 


Net  Capital... $1187. 

Expenses 

Office " '  * 

Merchandise 

Net  Gain 

Original  Capital. .  .. 

Present  Net  Capital,  §1187. 


678 

600 

995 

1190 


$185. 

872.- 

$187^ 
1000.- 


65 
180 


1600 
600 


Form  II. 


BALANCE  SHEET. 
yew  York,  December  31,  1876. 


3572- 


378 


Resonrceg. 


LUbllltles 


Chas.  Allen.     .. 
Andr.  Diepold  . . 

Cash 

Bills  Receivable 


ssra- 


Lonen 


flalas 


2    Jos.  Drake 

6    Bills  Payable. 
1  ♦Wm.  Crafton  . 

Net  Gain. 


8 


..  $8387.- 


8800.— 


era 

600 

995 

1180 


E^nses 

Office 

Merchandise.. 
Net  Gain 


$187.- 

$i85! 
.  878.— 


.$187.— 


65 
190 


iieoo 

!  600 
1000 


372- 


3578  —  3572- 


♦  Indicates  proprietor's  original  capital. 


'%^' 


■f 


22 


•  I 


i! 


'I 


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QQ 

a 
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a 
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03     O     CI 


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I  I  II  I  I    I 


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03 


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a 

at 


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PU   o 


a 


f 

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t 


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23 

The  followinj^  Trial  BHlaDce  and  Inventory  represent  the  condition  of  the  business  of  £dwaid 
Goss,  at  tlie  end  of  September  30,  1876. 


TRIAL  BALANCE  V. 

Dr.         Cr. 


1 
o 

3 

4 

5 

6 

7 

8 

9 

10 

11 

13 

13 

14 

15 


Edward  Goes 

Chas.  Legrain  &  Co.. 

Leon.  Huxwell 

Nat.  Broadway  Bank 

V/CM3L&    •••••••••»••»•• 

Merchandise 

Bills  Payable 

Bills  Receivable 

Harlem  R.R.  Stocks 
United  States  Bonds 

Insurance  

Interest  and  Prem... , 
Profit  and  Loss .... 

Office 

jStxpensG. .......     ., 


68,75 

4244|36 

40799 

2477  61 

1824  09 

2580 

2250 

53  45 

48  28 
270 
27 


14331 


53 


12773 


1536 


21 


14331 


INVENTORY 

Of  properties  unsold  September  30, 1876. 


05 


58 


53 


10  Cases  Cotton  Damask.  .4323  yds.,  @19c. 


1  Case  Delaines 1600 

1     "      Opera  Flannel...  832 
1     "      Bl'k  Taby  Velvet,  681 
1     "      Solid  Check  Ging- 
hams  2390 

1     ♦'    Woolen  Shawls...     60 
3  Cases  Printed  Jaconets,  6020 


<( 


<< 


<< 


@25c 

@41ic. 

@34c. 

@19c. 

@|5.— 

@15c. 


821 
400 
345 
231 

382 


37 

28 
54 

40 


300  — 


903 


—  3383 


59 


20  Shares  Harlem  R.R.  Stocks,  valued  at  $1.31*.  2630  — 
12000  U.  S.  Bonds,  5-20,  "       "      1.13i.i2270,— 


Going  back  to  the  foregoing  instruction,  we  find  that  the  differences  of  all  accounts  give  positive 
reaults,  except  in  accounts  of  changeable  value,  which  show  portions  unsold  in  the  Inventorv  To 
get  in  these  accounts  at  the  final  difference,  they  must  be  prepared.  ' 

RULE. 
I.  Take  from  the  Inventory  the  amounts  of  properties  unsold;  place  fhem,  ivUh 
red  ink,  in  the  credit  side  of  the  respective  accounts  in  the  Trial  Balance 
and  transfer  them,  at  the^same  time,  with  black  ink,  in  the  debit  side  of 
the  Balance  Account.    Then  add  portions  sold  and  unsold  together,  and 
extract  between  the  two  sides  the  final  differences. 

*v^  ^  ftooounto  being  thus  prepared  on  the  Balance  Sheet,  their  differences  will  exhibit  the  two  clA«ei  in 
tneir  true  nature :  ■■'  ■  "* 

SfSlL^S'®"'^  ^  accounts  of  constant  value  will  show  EESOUECES,  in  all  other  accounts,  L0S8E8 
Credit  Differences  in  accounts  of  constant  value  will  show  LIABILITIES,  in  all  other  accom/tsTSSreL 

n.  Dispose  of  the  Differences,  by' placing  them  in  the  Right  Spot. 

RULE. 

Debit  Differences  of  accounts  of  constant  value  being  Resources  •  \  ^^*^  ^®°^  ^  *^®  ^^t  side 

'  i     of  the  Balance  Account. 
Credit  Differences  of  accounts  of  constant  value  being  Liabilities  •  \  ^^*^  *^®°^  "*  ^^  Credit  tide 

'  (     of  the  Balance  Account. 

Debit  Differences  of  all  other  accounts  being  Losses  : i  ^^*®®  *^«"^  ^^  ^^  Jkibit  aide 

}  of  Profit  and  Loss  Account. 
Credit  Differences  of  all  other  accounts  being  Gains  ...  i  ^^*"*  *^®"*  ^  ^«  Credit  side 

.„.|.    .         .     ,  ,    ,  i  of  Profit  and  Loss  Account 

.1W..O  •  i"^  '^  *  ^m^'^  proprietor's  business,  and  no  apportionment  of  the  net  capital  necessarv  the 
above  rules  are  sufficient  to  show  the  results  on  the  Prepwatory  Form  necessary,  t&e 


NEW  YORK, 
September  30,   1876. 


L 
F 


Trial  Balance,  j^'^ ad  Differences]  profit  Axn  T^s« 

I   after  preparing.    '  '^""*^*^  ^^"  LK)S8. 


Edward  Goes 

Chas.  Legrain  &  Co 

Leon.  Huxwell 

Nat'l  Broadway  Bank. . . 

Cash   

Merchandise 

Bills  Payable.... :::;: 

Bills  Receivable 

Harlem  R.R.  Stocks. 

United  States  Bonds 

Insurance.' 

Interest  and  Prem 

Profit  and  Loss 

Office 

Expense 


1 

2 

3 

4 

5 

6 

7 

8 

9 

10 

11 

12 

13 

14 

15 


Dr. 


68 
80 

4244 
407 

2477 

1824 

2580 

2250 

53 

48 

270 

27 


Cr. 


75 

36 
99 
61 

09 


45 

28 


12773 


3383 

1536 


69 


2630  — 
2270-- 


21 


58 


Dr. 


68 

80 

4244 

407 


1824 


53 

48 

270 

27 


75 

36 
99 


09 

45 

28 


Cr. 


Dr. 


12773 


9a5 
1536 

50 
20 

21 


98 
95 


58 


53 

48 
270 

27 


45 

28 


Cr. 


905 


50 
20 

21 


Balance. 


Dr. 


Or. 


98 


58 


68  76 

424436 

40799 

338359 


182409 
26301— 
2270 


12773 


1536 


95 


can 


l"2i^J-::^^^''jr^:^i^^^^^^^^^,  *^^  ^^-^o  s^^.^ 


24 


ijl 


^'4x  f<^ll<^wiii^  Trial  Balances,  with  accompaiiviiig  Inventories,  represent  three 

(litferent  Sets  of  Books     It  is  required  to  adjust  tlleir  linal  differences  in  tlie  prepar- 
atory form,  and  to  construe  therefrom  Balance  Sheets  in  either  of  tlie  given  forms 


TRIAL  BALANCE  VI. 
December  31,  1876.  Dr. 


Cr. 


1 

2 

3 

4 

5 

6 

7 

8 

9 

10 

11 

12 

13 

14 

15 

16 

17 

18 

19 


*D.  Hartley 

Frank  Hallstead 

Cirus  Munson 

L.  Tabot  &  Co |    3010 

Fred.  Ramsey 2745 

Cash 8891 

Bills  Receivable 8080 

Bills  Payable 

Merchandise \    4385 


111.  Central  R.R.  Stocks. . 

Real  Estate 

Ship  Olga 

Tenth  National  Bank...    . 
Adventure  to  Galveston. . 

Office 

Insurance 

Expense 

Interest  and  Premium 

Commission 


4100 

11580 

6000 

8010 

220 

450 

125 


28 


10 


46172 

1685 


66 
50 


INVENTORY 
Of  praperties  remaining  unsold  Dee.  31,  1876. 


2100  — 


692722 


516 


57596  38 


68 

t 


12*^ 


57596 


38 


TRIAL  BALANCE  VII. 
September  30,  1876.  Dr. 


Cr. 


1  »J.  W.  Lien. 
21  J.  Doyle  . . . 
3   -     - 
4 


5 
6 
7 
8 
9 

10 
11 
12 
13 
14 
15 
16 


M.  Briggs  &  Co 

Marc  Barret 

Cash 

Bills  Receivable 

Bills  Payable  .    

Merchandise 

Adventure  to  Halifax  . . 
Adventure  to  Portland. 
Shipment  to  Savannah . 

Insurance 

Interest  and  Premium.. 

Profit  and  Loss 

Office 

Expense 


TRIAL  BALANCE  VIII. 
June  30,  1876.  Dr. 


Cr. 


1  'Sam.  Putney 

2  Prentiss  &  Son 

3  Adolph  Sawyer 

4  Schell&Bros 

5  Cash 

6  Bank  of  America 

7  Bills  Receivable 

8  Bills  Payable 

9  Mortgages  Payable 

10  Merchandise 

11  Real  Estate 

12  Adventure  to  Southampton 

13  ErieR.R.  Stocks 

14  IT.  S.  Bonds 

15  Insurance 

16  Brokerage 

17  Office ;;.* 

18  Expense 


967 
1184  60 

210:— 
6420  — 
3427  — 


4860 

11720  — 

4200|— 

4500;- 
270  — 


240 
95l— 


27000 
1614 


3176 

6000 


227 


60 


76- 


3809360   380036C 


40  pes.,  1600  yds..  Brussels 

Carpets @|2.— 

36  pes.,  1440  yds.,  Brussels 

Carpets @|1.50 

70    pes.    Merrimac    Prints, 

@$3.- 
420  pes.  Engl.  Prints,    "  5.— 
8    •*    160  yds..  Fine  Broad 

cloth @$6.— 

1  pc.  Saxon  Flannel 

1   "    Scarlet      "      


3200 

2160 

210 
2100 

966 
11 
15 


62 
60 


Adventure  to  Galveston 

Ship  Olga,  valued  at . ... 

;  50  Shares  111.  Centr.  R.R.  Stocks,®  185 
I  60      "      10th  Nat.  Bank  Stock.  "  101 


8668 

8010 

11400 

4250 

6060 


22 


20991 

1 

1376 

1729 

50 

( 

2375 

— - 

7928 

— 

2799 

-^ 

S54G85 

5219 

15 

225 

— 

; 

476 

3450 

440 

-^ 

68 

20 

700 

•^ 

320 

136 

— 

25389 

85! 

25389 

85 

INVENTORY 
Of  properties  remaining  unsold  Sept.  30. 1876. 


100  bbls.  Pork @  $16.70   1670 

200   "  Ext.MessBeef  "11.—   2200 


200  tierces  West.  Lard  "10.65 


2130 


Adventure  to  Savannah 


6000 


8450 


INVENTORY 
Of  properties  remaining  unsold  June  80,  1876. 


200  bbls.  Ext.  Western  Flour, 

@$5.60 
200  bbls.   St.    Louis    Choice 

Family  Flour @^.— 

300  bbls.  Superfine  Rye  Flour 

@|5.— 

400  bbls.  Brandy. Wine  Corn 

Meal @|3.25 


1120 
1600 
1500 
1300 


Adventure  to  Southampton 

House  and  Lot  in  34th  St..  valued  at . . 
14000  U.  S.  Bonds.  520,  valued  at  $118 


5520  — 


4200  — 

12000  — 

4620  — 


All  accounts  marked  *  represent  the  proprietor,  respectively  the  original  capiUI. 


25 

The  Double  Statement  is  now  to  be  carried  into  execution,  directly  on  the  face  of 

the  Balance  Sheet,  without  Preparatory  Form. 


TRIAL  BALANCE   TX. 


Style  of  Firm:   "Pacific  Transportation  Company." 

Three  partners  in  business.     Henry  Abbot,  with  f ;  Steplien  Holmes,  with  f ;  and 
Oswald  Sloan,  with  ^  Investment  and  Share  of  gains  and  losses. 


This  business  is  adverse. 


San  Francisco,  December  31,  1876. 


Henry  Ahbot 

Stephen  Holmes  

Oswald  Sloan 

Portland  Agency 

U.  S.  Government 

Indian  Bureau 

Bank  of  California 

Own's  Ship  Oregon 

Cash 

Bills  Receivable 

Mort jjajre  Payable 

Marine  Property 

Real  Estate 

Live  Stock 

Merchandise 

Shipment  of  Wheat 

Freights 

Passengers 

Government  Transportation. 
Commission  and  Guaranty. . 

Profit  and  Loss 

Expenses 

Supplies 

Fuel 

Office 

Int.  and  Prem 


276636 

184424 

92212 

86000 

— ■ 

7400 

3600  — 

75000 

9750 

980 

— 

42000 

— 

60000 

:300000_ 

40000  — 

1200  — 

32000 

— 

8400 

25000- 

860- 

6200- 

1270- 

53800 

322  — 

910  — 

780  — 

3260 

700 

— 

656352 

656352 

INVENTORY 

Of  properties  on  hand,  December  31,  1876. 


,  Goods  on  hand  as  pr.  Current  Stock  Book 

i  Marine  property  valued  at 

,  Real  Estate 

Shipment  of  Wheat,  actual  cost 


37156 

300000 

40000 

8400 


BOOKKEEPER'S  MEMORANDUM. 
Outside  Resources. 


Office  Fixtures,  |1200 

2  Wagons  and  Harness,    670  to  account 

of  office 

4  Work  Horses 


1870 
1200 


Outside  LuMlities. 

7  %  Interest  on  Mortgage,  jmyable  for 
three  mouths. 


1050  — 


Rule  the  schedule  of  the  Balance  Sheet  after  the  pattern  given  on  page  20.  in  conformity  with  the 
directions  given  on  page  16.  Copy  into  it  the  above  Trial  Balance,  and  proceed  to  execute  the  Double 
Statement. 

1.  Prepare  the  accounts,  showing  properties  on  hand,  in  the  Inventory,  and  Outside 

Resources  and  Liabilities  in  the  Book-keeper's  Memorandum. 

2.  Dispose  of  the  final  differences  by  placing  them  in  the  right  spot. 

3.  Foot  up  Profit  and  Loss  Account,  and  close  the  proportional  shares  of  gain  or 

loss  into  the  parsers'  accounts. 

4.  Close  partners'  accounts  into  the  Balance  Account. 

6.  Foot  up  Resources  and  Liabilities  in  the  Balance  Account,  to  test  the  correctness 
of  the  whole. 

If  every  thing  is  done  in  strict  accordance  to  the  Rules  laid  down  for  these  proceedings,  on  pages 
17, 18,  and  19,  the  Balance  Sheet  must  come  out  infallibly  correct,  and  will  compare  with  that  on  the 
next  page. 


26 


27 


{25 
QQ 


^2| 

d  o  *-■ 

P  00 


2  o  S  ti»-. 


"l=  -2  -2  "C  'C  -3  ®  2 


a  B 

C1..Z7'  op 


5g-i€®saE'2'2^*C'3«2a.2PS 
►S  *I«Oh.- fl  §  ^  SS  o  «  g  >  «3  £  2 


9 


In  the  following  four  examples,  the  Doable  Statement  is  to  be  executed  directly  on  the  face  of  the 
Balance  Sheet,  in  the  same  manner  as  in  the  foregoing  example,  and  as  prescribed  by  the  Rales,  pages 
17,  18,  and  19.  ____ 

TRIAL    BALANCE    X. 
Single  Proprietor's  Business.    Business  Prosperous. 


Ifew  York,  January  31, 1863. 

Dr.  Cr. 


♦Nathan  Harris 

Andrew  Hill 

C.  Blank  &  Co 

Sidney  Floyd 

Cash 

Bills  Receivable 

Bills  Payable 

Merchandise 

RR.  Stocks 

Ship  Queen's  Stair., 

Lease 

Live  Stock 

Taxes 

Int.  and  Prem 

Insurance 

Office. 


620  — 

1670  — 

570'64 

7466  — 

1362  — 

10870  — 

2000  — 

342  — 


200  — 
995  — 


26986  64 


19942 
1260 
12001— 


8600  — 


83  641 


26986  64 


INVENTORY 
Of  properties  unsold,  January  31,  1868. 


Lttmbbsr^"" 
Brazilian  Violet.. .  .3000  ft.,  @  50c.. 

St.  Domingo  Satin..5000  "  @  40c.. 

Old  Oak 2000"  @  lOc. 

Rosewood 6000  "  @30c.. 

Mahogany 8000  "  @22c.. 

Ebony 4000  "  @20c.. 

Butternut 6000"  @  lOc. 


1 

I 

1500  — 

2000  — 

i 

200  — 

1500  — 

1760- 

1   800  — 

1   600- 

8360 

Ship  Queen's  Star,  valued 11000  — 

20  Shares  Erie  R.R.  Stock at  $70.—     1400;— 


BOOK-KEEPER'S  MEMORANDUM. 

Outside  Resources. 
Office  Fixtures $600.-:  I 

1  Two-Horse  Wagon,  with  Harness,  to  j  J 

Office  Account 170.—'      77a— 

9  years'  Lease  of  Storehouse,  valued 2000  — 

2  Work-Horses,  valued 342  — 

Outside  Liabilities. 

60  days'  Interest  @  7  j^  for  our  Note  No. 

2,  amounting $1500. — 

Taxes  on  Sales  assessed  but  not  yet  collect©!. . 


17 
290 


50 


TRIAL    BALANCE    XL 

Partnership  Business.     Business  Adverse.     Style  of  Firm  :  Qulnn  &  Racine.    Two  Partners  with 

equal  investment  and  equal  share  of  gains  and  losses. 


New  York,  June  30,  1876. 

Dr.  Cr. 


♦Hermann  Qainn. . 
*Henry  Racine 

Richard  Welcott. . 

John  Reilly 

Frank  Dunlap. . . . 

Cash 

Bills  Receivable.. . 

Bills  Payable 

Mortgage  Payable 

Merchandise 

Western  U.  T.  St'k 

Ship  Catharine... 

Bank  Stock 

Real  Estate 

U.  S.  Bonds 

Profit  and  Loss. . . 

Insurance 

Int.  and  Prem. . . . 

Office 


1600;— 
2720  — 
274166 


20411,60 

2100  — 

14620  — 

1100  — 

17720  — 

2110  — 

1200  — 

300  — 

66  — 


860  — 


67429 


2027213 

2027213 

4100  — 

6626  — 


8160;— 
9000  — 


INVENTORY 

Of  properties  on  hand  June  30,  1876. 


Cordage — 

Manila 30000  lbs.  @  15c. 

Bolt  Rope  Yams..  14000  "    @  16c.i 
Tarred  Manila...  .11000  '^     @  14cJ 

Sisal  Rope 15000  "    @  lie. 

Russian  Hemp,  Tarred,  18000  lbs.  I 

(^  14c.' 
American    *•  "        80000  lbs!j 

@,  14c.' 
Russian  Bolt  Rope,  22000  lbs.  @  17c! : 

House  and  Lot  in  West  Street,  valued •. , 

Ship  Catharine,  valued , 

30  Shares  Western  U.  T.  Stock @  $72 

11       "      East  River  Bank  Stock @  100 

$2000  U.  S.  Bonds.  5-20 @  113 


4600 
2240 
1540 
1650 

2520 

4200 
3740 


i  20390- 

'[  18000  — 
;  1.5000  — 

-  2160- 
1100- 

-  2260  — 


26   67429  26 


BOOK-KEEPER'S  MEMORANDUM. 
Outside  Resources. 

Office  and  Warehouse  Fixtures. . .  .$600 [ 

Stationery,  $20;  Stamps,  $20 40  to  Of-' 

fice  account 

Rent  due  for  House  in  West  Street 

As  per  advice,  Net  Proceeds  of  Ship  Catharine,} 

realized,  but  not  yet  received | 

Outside  Liabilities. 
7  ^  Interest  on  Mortgage  Pay,  for  two  months. . 
Credit  Balance  of  Interest  in  the  Account  Cur- 
rent with  John  Reilly 


640 
160 

300 


1051— 

64i— 


28 

Tl,,  ^  TRIAL   BALANCE    VTT 


-Z^«w  rorA:,  September  30,  1876. 


♦Anthony  Hughes 
•Bernard  Mattison 
♦Christian  Newman 
Sundry  Creditors 

Cas°h '^  ^^^^^'^ •  •  •  •  •    1101770 

BillsReceivk'bi;: .' .* '. ^t^J ^ 

Bills  Payable  ... : i     '^^~ 

Mortif age  Payable....       ,  , 

Merchandise I     7oin_ 

I  Shipment  of  Mess  Pork  '.'l      "o«  —I 

Sliipment  of  Barley 

Adventure  to  Kingston!  *  .* 

Real  Estate... 

R.R.  Stock..    .'..*.".'; 

Continental  BankStwk'.l 

U.  S.  Bonds I 

Commission '. . 

Interest  and  Premium.  .*  * 

Insurance i      /»oa 

Expense rx"i~ 

Office  l20i— 


INVENTORY 

Of  properties  on  hand,  September  30,  1876. 

il^^iiSSJl'R^*^°^^l^^^»"»  Cotton,!  I     [ 

^       1050—' 


15000  lbs... 
QAi  40  bales  Alaban 

.8o! 


@  lie. 


IoTSw?  1     "^'^  Middl'g  C!ottor 

80  bales  New  6;ieans-  M?ddVit 
Cotton,  24000  lbs....  ©nl'e^ 


1850  — 
24151— 


2760  — 


8175 
24000 


96-j 

I     I 
2024—, 
23615  — 
3100  — 
1000  — 
3387  — 


House  and  Lot  i„  West  Street,  valu^ 
50  Shares  u.  Pac.  R.H.  Stock...   .@ 

tmOvlTX^l.^"^.^"-^-®    m  1020 


4719—  50  Shares  U.  Pac  HH  Tj/^Tt'  ^  .    , 

12000-   15      "      Contin'entVBa^r^---®  *<«'  «>* 

rdTnt'ure'to^i^n^.^iin':  ^'^^ ®"«*|  8405 


135  — 


202^ 


;  BOOK-KEEPER'S  MEMORANDUM 

!  T^^  1   .  ^^«^»«  Resources. 

,      l^"Vr&-!    P^^^  ^n  advance  for 

52  -   ^"^  Offi*"^    Warehouse*  *  Fixtu'res/  to^ 
143-   n..?®ffvJ^^^«»^"t ;    '%^ 


One  month's  rent  due  on  housiVn  West  s7 
rf;^  Dividend  on  U.  p«c    R  R    c*     u    ?  * 
clared,butnotycH^id.\  \.^.^.'^^  ^"- 


72388  50 


72S8ft'5n  7^T  ♦  r      ,    ^™i»E  Liabilities. 
72388  50  5.f^l°t;/or  three  mon^ 

I   lax  for  improvements  on  Houslin  We^i 
______J!Street,  assessed,  but  not  vet  Jm      ^' 


1100  — 
140!— 

150  — 


210  — 


Style  of  firm  : 


TRIAL  BALANCE  XIII 
O.  Stafford  &  Co."    ^ 


not  yet  paid I    240  _- 


i^'^B -i^^.S^--«  -  W-S£^"„  »«0 Le« t-r^^^^^^^^^^^ 


gains  and 


Brooklyn,  October  31,  1876. 


Osborn  Stafford.. 
Julius  CTiat field  ... 
Thomas  Scliuvler. ... 
Wm.  Stevenson... 
Sundry  Creditois 
Sundry  Debtors  . . 
Cash 

Bills  Receivable 

Bills  Payable .... 

Merchandise 

Shipment  of  Linseed  Oil 
Adventure  to  Antwerp.  .* 

Adventure  to  Galveston. 
Oil  Depot  and  Refinery 

Dock  Yard 

Mortgage  Payable. ' .  "  * 

BrigSimflower 

Live  Stock 

De^tandRef'ryE^uip'Vs." 

Supplies. ../.....,,'/ 
Wages '    * 

Commission  and  Guaranty 
Interest  and  Premium 

Taxes " 

Insurance 

Expense. ... 

Office 


15980  — 
31400  — 
15760  — 

28415  60 

!     I 

5215  — 

185- 

32000—* 

24000  — 


Or^ 

50968 
38226 
25484 
12742 
12740 


24 

18 
12 
06 


14829 


I  INVENTORY 

Of  properties  on  hand,  October  31,  1876. 

»^^w  C  otton  Seed  Crude  Oil. 

'to  "  SprT<^-<'?«'.l»i^, 

Oil  ^'■'"^*  Northern  ^26000  _ 

9000 gali. CVude  Fiah bii i  .faT '  """  " 
Adventure  to  Antwerp 


21601— I 
2520- 


2340i— ,30220 


—  j  Oil  Depot  and  Refinery JJH^ 

'I>ock  Yard  ^ 82000 

240001 


942  —    Brig  Sunflower. 


860f  - 


8600  — 
720  — 

4350  — 

1650  — 
740  — 

2415  — 
418  — 


1125  — 
342  — 
810  — 


18000  — 


194  — 


174125  60174125  60 


BOOK-KEEPER'S  MEMORAND^ 
Outside  Resources. 
"k&'^^«^"l—  'o--of| 

2  Work-Horses.;;: ,' 

ITwoJIorse  Wagonancl  Harness' ' '  '^2^ 
^ce  Fixtures,  to  Office  Account     ' '  '^l 

Sra:':ffSru?„^«^^-^ 

^I>ebitBalanceofirrdive;seac.^ut^^ 
j  Outside  Liabhities. 

Wages  due  to  workmen  tor  two  dars 

tI±  tot -«"""'•'"  "^'^^"^  »"=«^«"«"i 
T^x  tor°oirfe  '"^«*  •"•'  -'  y«  P*" 
Tax  for  Dock  Ynrd.. 


420 
720 


680  — 

4000  — 

180- 

652  — 


630  — 
429  — 
645- 
820- 
240  — 


29 


ANSWERS  TO  THE  FOREGOING  EXAMPLES. 


EXAMPLE        II.   Original  Capital  of  Edw.  Weldon,   . 

Net  Gain, 

Ultimate  Capital,     .        .        .    $8770.— 


EXAMPLE      IIL   Original  Capital  of  Elliot  Flamm,     . 

Net  Gain, 

Ultimate  Capital,    . 


EXAMPLE      IV.   Original  Capital  of  Chas.  Salmon,     . 

Net  Loss, 

Ultimate  Capital,     . 


EXAMPLE      VI.   Original  Capital  of  D.  Hartley, 

Net  Gain,       .... 

Ultimate  Capital, 


EXAMPLE    VII.   Original  Capital  of  L  W.  Lyon, 

Net  Loss, 

Ultimate  Capital,     . 


EXAMPLE  VIII.   Original  Capital  of  Sam.  Putney, 

Net  Gain, 

Ultimate  Capital,    . 


Net  Gain, 


Ultimate  Capital,    . 


EXAMPLE 


XI.   Original  Capital  of  H.  Gunn,    . 
i  Net  Loss,   ,        .        .        . 


.     $8000.— 
770.— 


.     $9000.— 
657.— 

.     $9657.— 


.  $12600.— 
620.— 

.  $11980.— 


$46172.66 
4224.12 

$50396.78 


$20991.^ 
632.35 

$20358.65 


.  $27000.— 
658.60 

.  $27658.60 


EXAMPLE       X.   Original  Capital  of  Nathan  Harris,  .        .        .  $19942.— 


483.14 


.  $20425.14 


.     $20272.13 
288.30 

Ultimate  Capital,    .  ^$19983.83 

Onginal  Capital  of  Henry  Racine,  .    $20272  13 

*^^^^««' 288:30 

Ultimate  Capital,     .  $19983.83 

Ultimate  Capital  of  the  Firm,   $39967^60 


9a 


EXAMPLE 


XII.   Original  Capital  of  A.  Huehes, 
I  Net  Gain,    .        .        .         ^ 


31 


$18995.80 
236.40 
His  Ultimate  Capital,  $19232.20 


Original  Capital  of  B.  Mattison,      .    $18995.80 
fJ^etlrain, ^3^^ 

His  Ultimate  Capital, 
Original  Capital  of  C.  Newman,      .      ^407  no 
iJNettJam,   .       .       .       .       ^  ^^^^^ 


$19232.20 


His  Ultimate  Capital,  $9616.10 

Ultimate  Capital  of  the  Firm,   $48080.50 


EXAMPLE  Xin.   Orignal  Capital  of  O.  Stafford,        .    $50968.24 

ANetLoss,  ....  2250.64 

His  Ultimate  Capital, 
Ori^nal  Capital  of  J.  Chatfield,      .    $38226  18 
A  Net  Loss,  .....  1687:98 


$48717.60 


$36538.20 


His  Ultimate  Capital, 

Original  Capital  of  Th.  Schuyler,     .    $25484.12 
ANetLoss,  ....  112532 

^  .  .     ,  ^  ^'^  Ultimate  Capital,  $24358.80 

Ongmal  Capital  of  Wm.  Stephenson,  $12742.06 
ANetLoss,  ....  562.66 

His  Ultimate  Capital,  $12179.40 

Ultimate  Capital  of  the  Firm,  $121794.— 


CURRENT    STOCK    BOOKS. 


SHOWING    AT    ANY    TIME    THE    GOODS    ON    HAND. 


Since  the  foregoing  paragraph  clearly  demonstrates,  that  the  adjustment  of 
accounts  can  be  accomplished  in  less  than  lialf  an  hour  on  the  face  of  the  Balance 
Sheet,  it  is  to  be  hoped  that  the  old-fashioned,  time-wasting  usage  of  keeping  only 
one  ledger  and  of  closing  the  accounts  on  it  will  be  abandoned.  Thus  one  of  the 
principal  causes  that  stood  in  the  way  of  a  prompt  and  seasonable  production  of 
correct  statements  will  fall  to  the  ground. 

It  is  now  proposed  to  remove  another  obstructive  cause,  which  is  the  existing 
general  practice  of  taking  the  Inventory,  by  bringing  down  from  all  ends  of  the 
warehouse  the  articles  unsold,  and  making  out  a  list  of  them. 

Business  men  and  book-keepers  know  from  experience,  what  annoyance  it 
causes  to  take  an  Inventory  in  this  style,  and  that  even  with  the  co-operation  of  all 
hands,  it  often  takes  days  and  weeks,  to  get  through  this  disagreeable,  tedious 
work.  It  is  the  main  reason,  why  in  most  houses  books  are  closed  only  once  a  year, 
and  in  some  houses  semi-annually,  as  it  is  quite  natural,  that  they  do  not  like  to 
submit  to  the  infliction  of  taking  the  inventory  oftener  than  once  or  at  the  most 
twice  a  year. 

It  is  also  in  other  respects  a  great  incumbrance,  to  be  dependent  upon  taking 
the  inventory  :  It  compels  partnerships  to  go  to  the  end  of  the  year,  leaves  business 
men  through  the  whole  year  in  ignorance  of  the  true  state  of  their  affairs,  and 
prevents  them  from  making  desirable  changes  or  alterations  in  good  season. 

And  the  greatest  burden  is,  that  the  actual  stock  of  goods  on  hand  has  no 
other  control  than  from  observation,  and  that  there  is  no  knowing,  unless  it  hap- 
pens to  come  out  by  an  accident,  whether  and  to  what  extent  goods  have  been 
purloined. 

Many  houses  have  dearly  suffered  and  others  have  come  to  failure  through 
this  lack  of  control. 

There  is  no  doubt,  that  if  this  defectiveness  could  be  removed  by  an  arrange- 
ment, that  would  stand  the  test,  of  getting  a  permanent,  accurate  control  of  the 
Stock  on  hand,  the  advantages  produced  by  such  a  system  would  be  as  great  as 
are  now  the  disadvantages.  Business  men  w^ould  hold  the  management  of  their 
affairs  closely  in  their  hands,  would  not  be  exposed  to  losses  arising  from  abstrac- 
tion of  their  goods,  would  be  at  any  time  in  the  position  to  order  a  Double  State- 
ment of  the  true  condition  of  their  concern  to  be  made  out,  would  not  be  subjected 
to  the  least  trouble  in  case  of  a  sudden  death  of  a  partner,  and  would  always  have 
free  hands  to  enter  into  partnership  changes  or  whatever  kind  of  alterations,  con- 
tracts  or  speculations. 

This  question  of  getting  a  permanent,  accurate  control  of  their  stock  on  hand, 
must  often  have  occupied  the  attention  of  large  business  concerns,  but  it  seems  that 
no  one  has  yet  perfected  an  nnfailing  system  to  that  effect. 


11 


32 

This  question  has  also  never  been  ventilated  in  a  book  on  book-keeping,  and 
there  is  jnst  the  place  where  it  should  have  been  brought  before  the  public.'  By 
bringing  this  subject  upon  the  tapis,  the  author  wishes  to  establish  the  fact,  that  a 
permanent,  accurate  control  of  the  stock  on  hand  can  be  secured  by  introducing 
Current  Stock  Books,  which  are  kept  without  difficulty,  and  which,  in  consideration 
of  the  extraordinary  advantages  they  offer,  should  come  into  general  use. 

In  looking  at  the  tables,  which,  by  way  of  exemplification,  are  appended  to  this 
exposition,  the  arrangement  of  a  Stock  Book  will  be  found  very  simple. 

The  first  vertical  column  is  for  the  date  of  the  entry,  the  second  for  the  referoioe  to  the  Invoiee, 
inward  or  outward,  or  the  Requisition  Paper.  Then  each  article,  being  in  price  and  quality  a  unit,  ha» 
its  own  vertical  Debit  and  Credit  column,  whose  head  contains  its  name,  and  whether  it  goes  by  pieoet, 
pairs,  yards,  pounds,  bales,  gallons,  or  hogsheads,  etc. 

Each  article  that  comes  into  the  business,  with  ito  number  in  pieces,  pairs,  yards,  pounds,  bales, 
gallons,  or  hogsheads,  etc.,  is  entered  in  the  Debit  side  of  iu  respective  column,  and  each  article  that  goes 
out  of  business,  with  its  number  in  pieces,  pairs,  etc.,  is  entered  in  the  Credit  side  of  iU  respective  column. 
The  difference  of  each  column  will  at  any  time  show  how  much  of  each  article  is  on  hand  in  pieces, 
pairs,  yards,  pounds,  bales,  gallons,  or  hogsheads,  etc. 

This  is  the  whole  process  of  making  entries  in  the  Stock  B(K>k,  and  it  will 
readily  be  acknowledged  that  the  whole  arrangement  is  very  plain.  There  can  be 
the  only  imaginable  objection  against  this  system,  whether  it  is  applicable  to  large 
business  concerns,  where  there  are  thousands  of  different  articles  on  hand. 

The  author  has  the  experience  that  it  holds  good  for  thousands  of  articles  as 
well  as  for  the  few  ones  embodied  in  the  table,  and  that  it  is  only  a  matter  of  a 
proper  distribution  of  labor  and  of  a  judicious  assortment  of  goods  to  carry  out  that 
system  on  the  largest  scale. 

Let  us  endeavor  to  show  its  application  in   a  very  large  Retail  Establishment. 

The  whole  establishment  must  be  divided  into  Departments,  to  be  designated 
by  the  letters  A,  B,  C,  D,  etc. 

Each  is  to  have  its  own  assortment  of  goods,  and  to  be  placed  under  the  super- 
vision of  a  chief  or  inspector.  Each  Department  must  be  subdivided  into  as  many 
Sections  as  deemed  suitable  or  advisable.  Each  Section  is  to  have  its  own  assort- 
ment of  goods,  to  be  designated  by  the  Roman  Figures  I.,  II.,  III.,  IV.,  etc.,  and 
to  be  placed  under  a  responsible  Salesman. 

In  exactly  the  same  manner  the  Stock  Books  are  to  be  arranged.  There  must 
be  a  Stock  Book  Office  nnder  the  supervision  of  a  competent  head,  who  must  have 
as  many  assistants  as  there  are  Departments,  and  if  the  Departments  are  large,  as 
many  more  as  required. 

Each  Department  must  have  its  own  Stock  Book  marked  by  the  letters  A,  B, 
C,  D,  etc.,  and  is  to  be  placed  nnder  the  charge  of  an  assistant.  If  several  assistants 
are  necessary  for  one  Department,  each  is  to  receive  a  separate  Stock  Book  with  a 
certain  number  of  Sections,  which  are  marked  by  the  corresponding  Roman  Figures 
I.,  II.,  III.,  lY.,  etc. 

If  Stock  Books  are  to  be  opened,  an  inventory  in  the  usual  style  is  to  be  taken 
by  Sections. 


33 

Each  Section  of  the  establishment,  as  soon  as  finished,  is  to  be  carried  to  the 
same  section  of  the  Stock  Book  Office,  where  every  species  of  articles  on  hand  is 
to  be  entered  in  the  debit  side  of  the  respective  column. 

The  subsequent  practice  of  keeping  the  Stock  Books  in  current  order  is  as 
follows : 

Each  salesman,  going  by  the  Roman  Figure  of  the  Section  which  he  represents, 
and  having  his  own  assortment  of  goods,  is  to  be  provided  with  a  small  sales  book 
and  sales  checks,  atlter  the  following  pattern : 


DEIP.A.ieTlS^EISrT'     ID. 

Section  X. 

Sold  January  9th,  1875 : 

25  Yards  Irish  Poplin @  $0.80 

80      "          "          •*        @    1.00 

J.  ELLSWORTH, 

Salesiium. 

20 
30 

i 

50 

To  facilitate  assortment  of  the 
gales  books  and  sales  checks,  they 
might  be  printed  on  colored  paper, 
each  color  representing  a  di^rent 
Department. 


The  salesman  records  each  sale  in  his  book  and  on  the  sales  check.  The 
sales  check,  with  the  goods,  is  carried  by  the  check-boy  in  the  Packing  Department, 
where  the  goods  pass  inspection,  is  then  delivered  with  the  mtmey  to  the  cashier, 
near  the  Packing  Department,  who  files  it  according  to  the  color  of  the  Department. 

Every  hour,  or  as  often  every  day  as  desired,  the  sales  checks  are  taken  from 
file  of  the  cashier  and  carried  to  the  Stock  Book  Office,  where  they  are  distributed 
by  the  head,  according  to  their  color,  among  the  different  assistants,  who  again  assort 
them  among  themselves,  according  to  the  position  of  their  sections,  and  enter  the 
articles  sold  to  the  credit  side  of  the  respective  columns.  The  sales  checks,  when 
entered,  are  to  be  check-marked,  and  then  placed  on  file  by  Sections,  for  eventual 
future  reference. 

To  ]>revent  multiplication  of  entries,  and  to  save  thereby  space  on  the  Stock 
Books,  the  sales  checks  might  in  the  course  ot  the  day  be  only  assorted,  and  the 
figures  of  one  and  the  same  article  added  on  loose  sheets,  thus  giving  every  day  only 
one  entry. 

At  closing  business  every  salesman,  before  leaving,  is  to  deliver  his  sales  book, 
which  is  to  go  at  once  to  the  Stock  Book  Office,  where  it  is  compared  with  the 
entries  made  on  the  books,  and  if  found  correct,  check-marked  and  given  back  to 
the  salesman  next  morning  before  opening  business. 

In  this  way  each  Section  of  the  Stock  Books  will  show  every  day  the  exact 
figures  of  goods  sold  in  each  Department  and  by  each  salesman. 

In  exactly  the  same  manner  the  daily  returns  in  money  can  be  kept  evident  by 
the  Stock  Book  Office,  since  each  of  its  assistants,  while  bringing  down  the  figures 
of  goods,  can  as  well  record  on  extra  sheets  all  sums  of  money  realized  by  each 
salesman.  The  sections  having  one  and  the  same  cashier,  are  then  put  into  an 
*^g''®gate,  which  will  represent  the  exact  amount  to  be  delivered  by  each  cashier  at 
the  close  of  each  day's  business. 


34 


35 


If  any  salesuian  k  short  in  any  kind  of  gooils  he  is  to  make  reijnisition  to  his 
cliief,  Avliose  dnty  it  is,  to  see  in  the  Stock  Book  Office,  whether  the  requisition  is 
in  agreement  with  the  Stock  Books. 

There  must  be  for^every  large  Reta'fl  Estabh'shment  a  Wholesale  Department 
or  a  Magazine,  from  where  the  supply  is  to  be  drawn. 

This  Department  or  Magazine,  after  liaving  delivered  the  goods  and  made  its 
entry  upon  its  own  books,  will  pass  the  retpiisition  papei-s  to  the  Stock  Book  Office* 
where  the  goods  are  entered  on  the  Stock  Books  as  received  in  the  Debit  side  of 
the  respective  column  of  the  respective  section. 

The  reipiisition  paper  is  then  sent  back  to  the  Magazine  or  Wholesale  Depart- 
ment to  be  kept  there  on  iile,  and  a  copy  of  it  might  be  taken  and  retained  in  the 
Stock  Book  Office.  In  this  manner  the  Debit  side  of  each  article  on  the  Stock 
Book  will  always  show  how  much  of  it  in  pieces,  paii-s,  yards,  pounds,  bales,  etc., 
every  salesman  has  received,  and  the  credit  side  will  show,  liow  much  of  it  in 
pieces,  etc.,  he  has  sold.  The  difference  will  show  how  much  of  each  article  must 
every  day  be  in  the  hands  of  the  salesman. 

From  time  to  time  the  chiefs  of  Departments  are  to  take  down  from  the  Stock 
Books  the  balances  of  goods  on  hand  in  their  sections,  and  to  pass  inspection, 
whether  the  goods  in  the  hands  of  the  salesmen  respond  with  the  iigures  on  paper. 
Should  they  not  respond,  the  head  of  the  Stock  Book  Office  is  to  be  .notified  of  the 
fact,  and  the  columns  of  the  respective  section  on  the  Stock  Books  are  to  be  sub- 
jected to  a  close  review  with  the  respective  sales  l>ook  and  sales  checks.  If  the 
Stock  Books  are  found  correct,  the  missing  articles  musf  be  entered  to  the  credit 
side  of  the  respective  columns,  and  proper  measures  can  be  inaugurated  against  the 
respective  salesman. 

Under  so  strict  proceedings  every  embezzlement  of  goods  must  at  once  be 
detected,  and  if  it  becomes  known  in  an  establishment,  that  every  section  is  placed 
under  so  close  a  control,  and  that  each  step  is  watched  in  an  unseen  way,  every 
member  will  be  very  careful  in  all  his  actions,  and  the  greatest  attention  will  be 
paid  to  the  goods  on  hand. 

An  establishment  under  proper  heads,  thus  regulated  and  managed,  must 
prosper,  and  will  be  richly  indemnified  for  the  expense  of  keeping  a  Stock  Book 
Office,  not  to  speak  of  the  inestimable  advantage  of  being  always  ready,  to  produce 
a  Double  Statement  of  the  condition  of  its  affairs. 

In  smaller  establishments  the  Stock  Book  Office  can  be  placed  under  the 
management  of  the  book-keeper.  One  clerk  only  is  employed  to  assort  the  sales 
checks  during  the  day,  and  to  add  the  figures  concerning  one  and  the  same  article 
together,  and  the  entries  are  mad©  after  closing  hours,  by  the  book-keeper  himself 
and  his  assistants. 

Large  manufacturing  establishments  ought  to  keep  a  magazine,  into  whicli  are 
to  pass  all  goods  received,  and  out  of  which  the  supply  of  the  different  departments 
ought  to  take  place. 

For  such  a  Magazine  Stock  Books  are  kept  in  the  same  way  as  for  Wholesale 
Departments  or  Magazines  of  a  large  Retail  Establishment.  Every  article  received 
is  entered  in  the  Debit  side  of  its  respective  column  from  the  Invoices,  and  every 
article  passed  into  the  workshops  or  retail  establishment  entered  into  the  Credit 
side  of  its  respective  column  from  the  requisition  papers,  which  remain  on  file  in 
the  Magazine  or  Wholesale  Department. 


•\ 


Wholesale  houses  having  no  retail  branches  of  their  own,  will  keep  the  Stock 
Books  by  entering  each  article  received  from  the  Invoices  inward,  and  each  article 
delivered  from  the  Invoices  outward,  as  can  be  seen  in  the  second  table. 

It  is  here  the  place  to  mention  that  there  could  be  no  better  measure  for  the 
government  of  the  United  States  to  secure  a  full  control  of  its  arsenals,  navy  yards> 
and  other  establishments,  than  the  introduction  of  Current  Stock  Books,  with  a 
regulation  how  to  keep  the  stock  in  conformity  with  them,  in  order  to  afford  an 
easy  and  quick  inspection. 

The  following  table  illustrates  the  arrangement  of  a  Current  Stock  Book  in  a 
Retail  Establishment. 

The  space  does  not  allow  to  present  a  Stock  Book  on  a  larger  scale,  but  the 
principles  and  designs  involved  in  keeping  a  Stock  Book  with  a  smaller  number  of 
articles  are  the  same  as  in  keeping  Stock  Books  for  larger  establishments,  the  work 
there  being  so  subdivided,  that  most  of  their  sections  will  contain  less  articles  than 
the  following  table. 


36 


ill 


m 


i  -lit. 


CTTRREISrT    STOCK    BOOK. 


37 


» 

g 

o 

^ 

^ 

go 

b 

H 

» 

OD   CO 


1875. 


w  a 
se: 


SEOTIOlSr     I. 


December  1. 
1. 


«« 


«( 


tt 


2. 

3. 

4. 

6. 

7. 

8. 

9. 
10. 
11. 
13. 
14. 
15. 
16. 
17. 
18. 

10. 
20. 

21. 

22. 

23. 

24. 

27. 

28. 

29. 

30. 

31. 


On  hand 

j  Requisition 
i  Sales  Checks 
j  Requisition.. 
( Sales  Checks 
j  Requisition.. 
I  Sales  Checks 
i  Requisition.. 
}  Sales  Checks 
j  Requisition . . 
1  Sales  Checks 
j  Requisition . 
(Sales  Checks 
j  Requisition. 
i  Sales  Checks 
j  Requisition.. 
I S  lies  Checks 
\  Requisition, 
i  Sales  Checks 
j  Requisition 
i  Sales  Checks 
j  Requisition.. 
/Sales  Checks 
j  Requisition . . 
( Sales  Checks 
i  Requisition 
'li  Sales  Checks 
j  Requisition . . 
(Sales  Checks 
j  Requisition.. 
(Sales  Checks 
(Requisition.. 
( Sales  Checks 

On  hand 

j  Requisition.. 
( Sales  Checks 
j  Requisition.. 
(Sales  Checks 
j  Requisition 
( Sales  Checks 
j  Requisition.. 
( Sales  Checkti 
j  Requisition.. 
( Sales  Checks 
j  Requisition.. 
]  Sales  Checks 

Requisition . . 

Sales  Checks 

Requisition.. 

Sales  Checks 
j  Requisition.. 
( Sah'8  Checks 
jRt-quisifion. 
( Sah'8  Clierkn 


Calf  Boot. 


Dr. 


18 


18 


18 


Inventory  of  frooda  in  the 
hands  of  Salesmen,  Dec.  31. 


6 

18 


18 


36 
18 


French     Lemoine  '     Orain 
Calf  BootjCalf  Boot.  Hapoleon. 


Orain 
Enamel'd. 


ak,tm:eivt  a. 


20 


Cr. 


1 
6 

3 
2 
4 
1 
7 
2 
3 
2 
9 


5 


8 


2 

9 


6 
5 


8 
-16 


19 


Dr.  Cr. 


10 


18 


18 


Dr. 


15 


18 


3 
2 
12 
4 
1 
3 
1 

8 
3 
1 

7 
4 
3 

7 


18 


18 


5  i 


18 


18 


4 

a 

2 
5 

14 
i     6 


18 


18 


Cr.  I  Dr. 


1 
2 
4 
7 
2 
1 
1 
3 
4 
5 
1 
3 


5 


5 
2 
5 


24 


Cr. 


12 


12 


12 


2 

^  I 
4 

13  I 

i 


24 


18 

'   1 

5 

6 

18 

, 

i  n 

9  : 

36 

1  36 

24 

14  j 

12 

21 

14 

,  10 

14 

20 

1 

2 
6 
2 
4 
2 
3 
1 
6 
2 
4 


•> 

o 


I   1 

i  2 
3 
3 
5 
6 
7 
9 


Dr. 


16 


12 


12 


Cr. 


12 


7 

12 


13 


2 

1 

5 

3 

2 

8 

5 

8 

7 

4 

1 

2 

3 

1 

3 


4 
1 
2 
1 
4 


Patent 

Leather 

Boot. 


Women's '  Women's  Women'i 
lace.  Calf.        Orain. 


Boots. 


Bus  clns. 


FJi^:EtB. 


Dr. 


20 


24 

12 


12 


24 


24 


9 
24 


24 

24 
24 
24 
24 


Cr.  li  Dr. 


6 


18 


5 
6 
3 

14 
5 
6 
4 
9 
5 

10 
6 
7 
6 
8 
4 
9 


36 


86 


!i 


36 


32 


5 
4 

8 
11 
19 
12 
14 
11 
21 
80 


36 


Cr. 


Dr. 


4 

8 
3 
18 
7 
9 
5 
8 
7 
14 
4 
5 
6 
4 
2 
8 


6 
4 
2 
1 

13 
2 
4 
6 
8 
21 


14 
36 

36 
36 


36 


36 


36 


36 


28 
36 


36 

36 
36 
36 
36 


32 


Cr. 


12 
9 
15 
29 
9 
18 
12 
18 
19 
25 
9 
11 
14 
15 
16 
17 


14 
11 
16 
20 
21 
17 
18 
25 
82 
38 


Dr. 

8 
60 


60 


60 


60 


60 


60 


Cr. 


8j 

7 

6 
14 
12 
11 

9 

7 

6 
17 

5 

9 

7 

8 

8 
14 


>2sr  II. 


Women's 
Ooat. 


I 


sEOTionsr    iii. 


Lasting. 


Congress.    Bnckle. 


Imitation 
Button. 


Over. 


Women's 

Diverse 

Nombers. 


12 
6 
11 
9 
17 
12 
13 
13 
38 
36 


Dr. 


18 
60 


60 


60 


17 
60 


60 


60 


Cr. 


9 
11 

9 

22 
16 

8 
11 

5 

9 
21 

7 

6 
11 
12 

5 
19 


15 

8 

6 

9 

16 

11 

14 

19 

22 

17 


60 


Dr. 


36 


36 


36 


36 


36 


86 


12 
86 


86 


86 


86 


89 


Cr. 


18 
14 

6 
27 
11 

7 

8 
11 

6 

23 
11 
15 

7 
13 

6 
21 


7 

4 

9 

5 

18 

14 

12 

15 

17 

16 


Dr. 


22 


Cr.  !  Dr. 


86 
30 


36 


36 


5 
36 


30 


36 


18 


5 


4 
17 

9 
11 

7 

6 
12 
18 
13 

5 
14 

9 

8 
16 


11 
6 
5 
7 

16 
7 
9 
7 

11 

24 


28 


15 


60 


30 


Cr.    Dr. 


30 


30 


30 


6 
80 


30 


30 


30 


30 


6 
9 


5 


25 

13 
11 
14 
12 
11 
11» 
12 
*7 

8 
11 

5 
21 


14 
7 
10 
12 
21 
8 
U 
14 
15 
26 


18 


30 


30 


80 


Cr. 


30 
30 

30 


6 

30 


;jo 


30 


30 


8 

I* 
< 

4 
IG 
12 

9 

7 
6 


9 


O  alters. 


I 

i 
§ 


B07I* 


Children's 


Cair  Brogans. 


:pjft.iE.s. 


Dr 


16 


Cr. 


30 


30 


36 


4 
12 

8 
21 
17 
U 

9 

8 


12 


Dr. 


21 
36 

36 


36 


Cr. 


10 
25 

0 
IG 

30 

3U 

17 

11 

14 

13 

9 

7 

36 

3G 

5 

6 

7 

3  ! 

36 

15 

14 

30 

45 

12 

36 

10 

5 

11 

3 

7 

36 

7 

6 

19 

15 

36 

9 

36 

4 

14 

12 

12 

11 

36 

36 

17 

21 

36 

19 

23 

12 

7 

9 

17 

8 

7 

15 

13 

11 

22 

9 

8 

12 

14 

11 

17 

15 
9 
12 
14 
27 
13 
7 
14 
24 
19 


35 


Dr. 


17 

72 

72 
72 


Cr. 


72 


72 


72 


43 
72 


72 


72 
72 
72 


68 


10 
25 
17 
41 
26 
19 
23 
20 
26 


Dr.  Cr.    Dr. 


44 
60 

60 
60 

60 


49 


25 
31 
22 
50 
29 
21 
28 
19 
31 


14 
60 

60 

60 


Cr.    Dr.  Cr.    Dr.  Cr. 


60 


60 

45 

61 

60 

60 

18 

23 

24 

17 

19 

00 

24 

22 

31 

21 

16 

60 

60 

44 

41 

55 

48 

23 

60 

32 

15. 

17 

19 

23 

60 

23 

60 

15 

48 

60 

64 

17 

21 

19 

29 

60 

60 

35 

60 

41 

70 

54 

eo 

60 

06 

70 

9 
27 
16 
42 
29 
17 
16 
21 
15 
38 
15 
12 
17 
14 
12 
26 


16 

9 

7 

6 

27 

14 

18 

25 

32 

48 


26 


25 

48 

48 
48 


48 


48 


48 


16 
20 
12 
36 
17 

9 
15 

7 
16 
29 
17 
14 
16 
20 
16 
24 


29 
48 


48 
48 

48 
48 
48 


19 
16 
13 
21 
49 
24 
20 
34 
42 
52 


27 


18 
60 


60 


60 


60 


57 


60 


60 


60 


11 

15 

9 


21 

11 

9 

6 

8 

19 

16 

9 

6 

8 

9 

15 


11 
5 
7 
12 
34 
16 
12 
21 
27 
86 


56 


•liii'iiiniiMiririni 


"^  •-  *^ 


( 


.1  i 


t 


38 


CURRENT  STOCK  BOOKS  IN  WHOLESALE  HOUSES. 


Any  concern  whose  administration  is  not  so  organized  as  to  offer  proper  safe- 
guards against  fraud  and  errors,  is  based  upon  a  shaky  ground,  and  no  business 
man  should  fail  to  secure  for  his  establishment  a  solid  system  to  that  effect. 

The  best  system  for  large  business  houses  to  erect  proper  checks  against  fraud 
and  mismanagement,  is  to  create  executive  departments  and  to  place  them  under 
strict  resj)onsibility  to  a  controlling  power. 

We  have  seen  that  principle  worked  out  in  the  foregoing  paragraph  on  the 
conduct  of  large  Retail  Establishments,  where  the  salesmen  with  their  chiefs  act 
as  executive  officers,  and  are  subjected  to  the  strictest  control,  exercised  by  the 
Stock  Book  Office. 

A  similar  arrangement  must  prevail  in  Wholesale  Houses,  if  they  wish  to  obtain 
and  to  enjoy  the  advantages  derived  from  an  accurate  control  of  their  stock  on 
hand. 

The  whole  complex  of  goods,  according  to  the  extent  of  business  and  quantity 
of  articles,  must  be  divided  into  well  assorted  sections,  and  each  section  placed 
under  the  responsibility  of  a  storage  clerk,  who  is  not  only  to  execute  the  orders, 
but  also  to  keep  every  thing  so  packed,  stored  and  systematically  arranged,  that  an 
easy  inspection  of  any  species  of  goods  can  bo  had  at  any  time. 

The  orders  when  executed  remain  on  file  with  him,  and  he  ought  also  to  keep 
extracts  from  the  invoices  of  all  goods  coming  into  his  section,  for  his  legitimation, 
A  partner  of  the  firm,  or  a  competent,  reliable  man  is  to  act  as  superintendent.  His 
duty  is  not  only  to  distribute  the  orders,  and  to  see  them  properly  executed,  but 
particularly  to  exercise  a  seasonable  control  by  taking  from  time  to  time  balances 
from  the  Stock  Book,  and  examining  whether  the  actual  stock  in  the  hands  of  the 
storage  clerk  agrees  with  them. 

If  it  should  not  agree,  t^ose  investigation  is  to  be  instituted,  to  detect  the 
nature  of  the  deficiency.  It  is  not  necessary  to  inspect  always  all  goods  on  hand  ; 
the  examination  of  a  few  articles  at  a  time  will  suffice  to  keep  up  the  necessary 
watchfulness;  and  especially  the  examination  of  all  articles  running  short,  will 
satisfactorily  secure  the  desired  control. 

The  Stock  Book  in  a  wholesale  house  is  closely  connected  with  the  office  of  the 
book-keeper,  since  all  entries  in  it  are  made  from  the  Invoices  or  Bills  of  Parcels, 
Inward  and  Outward,  which  appertain  to  this  office. 

The  Stock  Book  should  therefore  be  placed  under  the  direct  supervision  of  the 
book-keeper ;  and,  in  most  cases,  one  competent  entry  clerk  will  be  sufficient  to 
keep  it  in  running  order. 

The  same  business  line  as  that  in  the  foregoing  paragraph  has  been  chosen  for 
exemplification,  to  afford  the  opportunity  of  easier  distinguishing  the  difference  of 
the  arrangement  in  a  retail  establishment  and  a  wholesale  house. 

The  following  are  the  purchases  and  sales  entered  in  the  given  schedule,  whose 
columns  follow  each  other  in  the  order  in  which  the  articles  have  come  into 
business. 

It  will  not  require  any  entry  clerk  in  a  house  of  similar  proportions,  since  the 
book-keeper  can  well  afford  to  make  the  necessary  entries  himself. 


39 

SEPTEMBER,   1876. 

I. 

Invoice  Inward,     No.    1.     10  cases,    360  pairs  Calf  Boot  Legs. 

10     "        360     "     French  ''     " 
Invoice  Inward,     No.    2.     14    "        504    "     Women's  Lace  Boots. 

14    "        504    ''  ''        Calf     " 

a. 

Invoice  Inward,     No.    3.     12  cases,    720  pairs  Women's  Grain  Buskins. 

12     '*        720     "  "        Goat  ** 


Invoice  Inward,     No.    4.       8  cases,    288  pairs  Lemoine  Calf  Boot  Leg& 

8    "        192    "     Grain  Napoleon         " 
6. 
Invoice  Inward,     No.    5.     14  cases,    840  pairs  Congress  Gaiters. 

16     «        576     ''     Buckle  " 

8. 
Invoice  Outward,  No.    1.       2  cases,      72  pairs  Calf  Boot  Legs. 

1     "  36     ''     French  ^-      " 

9. 
Invoice  Outward,  No.    2.       2  cases,      72  pairs  Women's  Lace  Boots. 

4   «         144    "  «        Calf      " 

11. 
Invoice  Inward,     No.    6.     20  cases,  1200  pairs  Women's  Gaiters,  diverse  number?. 
Invoice  Outward,  No.    3.       2     "  72     *'     Congress  Gaiterss. 

3    "        108     "     Buckle  *' 

12. 

Invoice  Inward,     No.    7.       8  cases,    192  pairs  Grain  Enameled  Legs. 

14    «        336    «     Patent  Leather  Boots. 
14. 
Invoice  Outward,  No.    4.      4  cases,    240  pairs  Women's  Gaiters,  diverse  numbers. 


!i' 


40 


15. 


Invoice  Outward,  No.    5.       2  cases,      72  pairs  Lemoine  Calf  Boot  Legs. 

m 

2    "  48    "     Grain  Napoleon 


(( 


Invoice  Inward,    No.    8. 


Invoice  Outward,  No.    6. 


16. 

8  cases,    288  pairs  Imitation  Button  Gaiters. 
10    ^'        600    *'     Lasting  Gaiters. 
4    "        240    "     Women's  Grain  Buskins. 


(( 


240    " 


18. 


C( 


Goat 


u 


Invoice  Outward,  No.    7.      2  cases,      72  pairs  Calf  Boot  Legs. 
Invoice  Inward,    No.    9.     15     "      1080    "     Over  Gaiters. 


41 

26. 

Invoice  Outward,  No.  12.       3  cases,    108  pairs  Balmorals. 

2     "  72     *'     Oxford  Ties. 

26. 

Invoice  Outward,  No.  13.      4  cases,    192  pat^s  Boys'  Calf  Brogans. 

2  **        120     "     Women's  Grain  Buskins. 

3  "        108    "  •*        Lace  Boots. 

28. 

Invoice  Outward,  No.  14.       5  cases,    300  pairs  Women's  Gaiters,  diverse  numbers. 

4  "        240    "     Kid  Slippers. 


15 


(( 


900    "     Kid  Slippers. 
19. 


Invoice  Inward,    No.  12. 


Invoice  Outward,  No.    8.      3  cases,    180  pairs  Women's  Gaiters,  diverse  numbers. 

2    '*        144    "      Over  Gaiters. 

21. 

Invoice  Inward,    No.  10.      8  cases,    288  pairs  Balmorals. 

12     "        432     "     Oxford  Ties. 
Invoice  Outward,  No.    9.      4    "        144     *     Imitation  Button  Gaiters. 

1  "  60    "     Lasting  Gaiters. 

22. 
Invoice  Outward,  No.  10.      2  cases,      72  pairs  French  Calf  Boot  Legs. 

2  "  72    "     Lemoine  "      " 


29. 

6  cases,    216  pairs  Lemoine  Calf  Boot  Legs. 
6    "        144    ^     Grain  Napoleon  ** 

Q    u        144    «        «      Enameled         " 
8     "        192    "     Patent  Leather  Boot  Legs. 

30. 

Invoice  Outward,  No.  16.      2  cases,      96  pairs  Children's  Calf  Brogans. 

4    «        288    "     Over  Gaiters. 


(( 


(( 


2    «  48'    "     Grain  Napoleon 

23. 

Invoice  Inward,    No.  11.    12  cases,    576  pairs  Boys'  Calf  Brogans. 

16    «        960    «     Children's  Calf  Brogans. 
Invoice  Outward,  No.  11.      1    "  24    "     Grain  Enameled  Legs. 

4  96    "     Patent  Leather  Boots. 


*( 


III 


;i 


42 


DATE. 


1876. 


September  1 . 
1. 
2. 
4. 
6. 
8. 
9. 


H 

M 

o  . 

>  Q 

^  < 

o  m 

1— • 

6 
5Z5 


(t 


«( 


«< 


(« 


11. 


13. 


14. 


15. 


16. 


18. 


19. 


21 


23 


23. 


35. 


8 
4 
5 


6 


8 


9 


10 


11 


Calf. 


French     Women's 


Calf. 


Soot   ILieipeu 


Lace. 


Women's  Women's  <  Women's 


Calf. 


Soots. 


Grain.    ;    Goat. 


Susklns. 


Lemolne  !    Grain    |  n^-p-^ 
Calf  Boot.  Hapoleon.  ^""'9'^^ 


43 


CTJRREl^T    SrOCK    BOOK. 


Bnekle. 


C  alters. 


JPJ^JTT^JB. 


Br. 


360 


1 
8 
8 


6 


8 


9 


10 


11 


18 


«« 

26. 

18 

*t 

28. 

14 

« 

39. 

12 

(< 

30. 

• 

16 

September  30,  on  hand. . . 


Cr. 


Dr.  Cr. 


360 


73 


Dr. 


Cr. 


88 


73 


504 


Dr. 


Cr. 


504 


73 


73 


Dr. 


Cr. 


144 


720 


Dr.  Cr. 


106 


730 


Dr. 


388 


340 


340 


Cr.    Dr. 


130 


192 


Cr. 


73 


Dr. 


840 


Cr. 


Women's 

Diverse 

VomberSi 


Grain    !   Patent     Imitation  T--ti-- 
Enamel'd.  Leather.    Button.     *^''*^- 


Ueipsu  Soots. 


Oyer. 


Oalters. 


Kid. 


Slippera 


i 

I 


Boys' 


Children's 


Calf  Broeans. 


-^j^jrsjs. 


FJ^x:Ei;B. 


h-. 


48 


72 


316 


48 


72 


Cr. 


(76 


Dr. 


Cr. 


Dr. 


Cr. 


108 


1200 


144 


340 


180 


Dr. 


Cr. 


Dr. 


193 


Cr. 


Dr. 


Cr. 


336 


Dr. 


Cr 


Dr. 


Cr. 


388 


34 


800 


96 


600 


Dr. 


Cr. 


Dr. 


Cr. 


144 


144 


192 


60 


1080 


Dr. 


Cr. 


Dr. 


Cr. 


144 


900 


388 


388 


240 


108 


433 


72 


576 


960 


192 


316 


252 


324 


360 


26:) 


480 


360 


240 


768 


468 


480 


812 


482 


144 


540 


648 


660 


180 


360 


384 


8641 


I' 


I        I 
I        I 


i 


I 


44 

PROCEEDINGS 

IN   A   WELL   ORGANIZED   OFFICE,    IF   THE   BALANCE   SHEET    18   TO    BE   PRODUCED   AT 

A  moment's  NO^nCE. 


The  book-keeper  of  every  business  concern  ought  to  make  out  the  actual  cost 
of  each  article  at  the  time  when  received,  to  record  it  in  some  tabular  form,  and  to 
hold  it  ready  for  any  emergency. 

He  is  also  bound  to  keep  a  current  memorandum  of  all  outside  Resources  and 
Liabilities,  in  the  way  explained  on  pages  12  and  13. 

If  in  addition  to  this.  Current  Stock  Books  have  been  kept  as  described  in  the 
foregoing  paragraph,  there  will  be  every  thing  on  hand  to  produce  the  Balance 
Sheet  at  short  notice. 

Suppose  in  a  business,  where  reliance  can  be  placed  upon  the  book-keeper  and 
his  office,  the  proprietor  or  partners  decide  that  the  Double  Statement  of  the  real 
condition  of  their  affairs  is  to  be  made  out  to-day,  and  a  copy  of  it  to  be  presented 
to  each  partner  the  next  morning. 

From  the  moment  the  order  is  given,  the  whole  office  is  at  once  put  in  motion 
to  accomplish  the  end. 

The  clerks  having  charge  of  the  Ledgers  take  down  the  differences  and  arrange 
the  Trial  Balance. 

The  clerks  in  the  Stock  Book  Office  bring  down  the  balances  of  their  columns 
and  furnish  the  inventory  of  goods  on  hand  in  Sections. 

Trustworthy  assistants  provide  the  sections  with  the  actual  cost  of  each  article 
from  the  book-keeper's  tabular  form,  and  make  out  the  necessary  calculations. 

Then  the  footings  of  all  sections  are  brought  into  one  aggregate,  which 
will  be  the  total  amount  of  goods  on  hand. 

One  or  two  of  the  partners  make  out  an  inventory  of  Bonds,  Stocks,  or  Deeds 
in  the  safe. 

During  all  this  time  the  book-keeper  is  engaged  to  perfect  his  memorandum  of 
Resources  and  Liabilities,  lying  outside  of  the  Ledger.  He  makes  out  the  interest 
pending  on  Notes  or  Mortgages,  or  in  Accounts  Current,  and  closes  all  consign- 
ments and  Merchandise  Companies,  if  there  be  any. 

Should  there  not  be  many  of  this  kind  of  Resources  and  Liabilities,  he  will 
devote  his  spare  time  to  superintend  the  work  of  others,  or  to  help  wherever 
needed. 

A  schedule  of  the  Balance  Sheet  is  ruled  and  superscribed  in  as  many  copies 
as  there  are  partners,  and  the  Trial  Balance  copied  into  it  as  soon  as  made  out, 
with  all  Debtors  under  the  Title  Sundry  Debtors  and  with  all  Creditors  under  the 
Title  Sundry  Creditors.  As  was  said  on  page  17,  it  will  be  a  good  arrangement, 
facilitating  the  work,  to  have  a  separate  Ledger  for  all  Debtors,  another  for  all 
Creditors,  daily  balanced,  and  a  third  one  for  all  property  and  Profit  and  Loss 
accounts. 

From  the  moment,  when  all  the  above  described  preparatory  work  is  done,  it 
will  not  take  the  book-keeper  more  than  half  an  liour  to  accomplish  the  Double 
Statement  on  the  Balance  Sheet,  if  he  has  skilled  himself,  and  acts  in  accordance 
with  the  Rules  laid  down  in  pages  17,  18,  19. 


45 

Such  would  be  the  proceedings,  if  the  Double  Statement  should  be  made  out 
at  a  moment's  notice,  but  this  will  happen  only  in  extreme  and  very  rare  cases. 

Generally  the  proprietor  or  partners,  if  they  decide  to  have  the  Double  State- 
ment  produced,  will  fix  upon  a  certain  day,  and  enough  time  will  be  given  to  the 
book-keeper  and  his  assistants  to  do  the  preparatory  work  at  leisure. 

If  it  is  made  a  standing  rule  that  a  Balance  Sheet  with  a  Double  Statement  is 
to  be  n;ade  out  at  the  end  of  each  month,  it  will  become  a  regular  routine  work, 
and  all  arrangements  and  necessary  preparations  will  become  a  fixed  system. 

The  Ledger  having  given  the  differences  of  all  accounts,  has  nothing  to  do  with 
all  these  proceedings,  and  will  remain  all  the  time  open ;  and  when  it  shall  come  to 
its  close  at  the  end  of  the  year,  or  when  tiie  opening  of  a  new  Set  of  Books  is 
ordered,  any  assistant  book-keeper  will  forward  the  Balances  to  new  account,  or  to 
the  new  Ledger,  from  the  Balance  Sheet  and  the  List  of  Debtors  and  Creditoi-s,  and 
will  apply  the  closing  lines,  this  being  only  a  mechanical  work  of  secondary  import- 
ance, which,  when  finished,  can  easily  be  controlled,  by  letting  the  assistant  book- 
keeper call  up  the  Balances,  while  the  hook-keej^r  is  reading  them  from  the 
Balance  Sheet  and  the  List  of  Debtors  and  Creditors. 

Thus  the  Ledger  does  not  need  to  have  another  function,  than  to  give  the 
differences  of  its  ac*counts. 

The  author  can  point  out  one  of  the  greatest  lithographical  printing  establish- 
ments  of  New  York,  where  he  has  introduced  this  system  of  producing  a  Balance 
Sheet  at  the  end  of  every  month,  without  closing  the  Ledger,  and  where  it  has 
woiked  admirably  and  to  the  greatest  advantage,  through  several  years,  without 
causing  the  least  trouble ;  and  there  the  whole  work  was  done  by  the  book-keeper 
alone,  without  any  assistance,  which  was  simply  the  result  of  timely  arrangements 
and  of  proper  training.  ^^ 


■'   I 


i 


■  I 


PART  II 


I        ! 


INTRODUCTORY. 


THEEE  was  never  yet  a  sound,  practical  system  of  book-keeping  in  our  mer- 
cantile houses,  owing  to  the  general  practice  of  using  for  this  branch  exclu- 
sively the  journal  form,  and  of  making  the  auxiliary  books  subservient  to  the 
interminate  process  of  journalizing  or  posting  single  transactions.  The  sales  books 
in  these  houses  are  a  striking  instance  of  monstrous  diffuseness,  just  as  if  they 
were  expressly  devised  to  extort  from  each  sale  a  separate  entry. 

Thus  thousands  of  entries  are  unnecessarily  made,  the  books  overburdened, 
the  whole  machine  complicated,  and  time  and  labor  wasted. 

In  a  perfect  system  of  book-keeping,  the  proper  and  natural  place  for  the 
debits  and  credits  is  right  in  the  books  of  original  entry,  where  they  are  to  be 
80  succinctly  arranged,  that  a  view  of  the  whole  can  be  had  at  a  glance,  and 
that  the  results  can  be  gathered  at  any  time  and  quickly  led  to  their  final 
adjustment. 

The  following  set  of  books  is  the  embodiment  of  such  a  system.  It  gives 
the  results  compiled  in  few  items  and  the  statement  at  the  end  of  the  month, 
but  with  the  same  arrangement  the  results  can  be  collated  and  the  statement 
produced  at  any  time. 

This  set  of  Books  represents  the  business,  in  the  busiest  month,  of  a  New 
York  import  house. 

The  season  for  importing  Straw  Goods  runs  from  the  beginning  of  November 
to  about  the  end  of  March,  that  for  selling,  from  the  beginning  of  February  to 
about  the  end  of  May. 

A  traveller  visits  Europe  every  year,  and  there  makes  contracts  with  the 
manufacturers  for  a  season,  to  send  or  consign  goods  at  fixed  periods,  purchases 
to  be  paid  with  drafts  @  4  months,  payable  in  Europe. 

This  business  is  pre-eminently  a  cash  or  note  business,  the  terms  of  credit 
for  sales  varying  according  to  agreement.  One  per  cent  deduction  is  granted 
for  notes  @  5  months,  2  %  for  notes  @  4  months,  3  ^  for  3  months,  4  ^  for  2 
months,  5  J?  for  1  month,  6  %  for  cash  in  10  days,  and  7  %  for  net.  Usually 
the  deductions  are  made  when  the  notes  are  sent  in,  but  to  avoid  misunder- 
standings and  to  make  this  set  as  plain  as  possible,  the  terms  of  credit,  with  the 
corresponding  deductions,  are  placed  on  the  face  of  the  invoices. 


4^ 


There  will  always  be  a  difference  in  the  exchange  rates  at  the  time  of  issue 
and  payment  of  foreign  notes,  or  between  the  first  record  of  foreign  invoices 
and  their  final  payment  in  Federal  money.  It  does  not  matter,  therefore,  what 
exchange  rate  is  used  for  the  first  record.  The  best  is  to  adopt  for  a  season  a 
steady,  nominal  exchange,  nearest  to  the  rate  of  gold  at  the  outset.  That 
adopted  in  this  set  is  20ic.  for  a  franc,  25ic.  for  a  mark,  and  $5.15  for  a  pound 
sterling,  which  is  about  equal  to  Par  of  Exchange  @  6  ^  premium  on  gold. 
Such  a  nominal  exchange  saves  unnecessary  calculations  and  facilitates  the  first 
record.  At  the  time  of  payment  the  quotations  of  exchange,  as  well  as  those  of 
gold,  are  real,  so  are  in  this  set  the  rates  of  custom-house  duties,  freights,  forms 
of  invoices,  etc.  Only  with  regard  to  names  of  correspondents  and  customers, 
prices,  construction  of  the  books,  and  the  development  of  the  results  in  the  final 
statement,  the  author  has  used  his  own  judgment. 


The  actual  condition  of  the  concern  on  February  28,  1877,  for  the  period 
of  the  four  months  since  the  beginning  of  the  season,  is  exhibited  in  the  following 
Balance  Sheet. 


rj  I 


h' 


50 


W 
m 

O 

O 


ft 


B4 
U 

PQ 


o 


> 


OD 
00 


M 

o 

04 


H 

M 


O 


55 


09 


s 


cooo 

GO  1-1 


00 


IS  IIS 


ill! 


IS  ISW^ 


tr»- 


i 


III    I 


IS    IS 


1-H  i-H  o  as  cj  CI 


^S 


8 


s 


I 

1-H 


I 


o 


8 


S 
S 


SIS 


00 


STANDARD    SET 


!S 


ISI 


00 


8 
8 


O 


3 
I 


OS  ^ 


OF 


OD 


^    S 


PRACTICAL    BOOK-KEEPING, 


REPRESENTINa 


4 


g 


IS 


Mill  § 


8§i« 


I 


d 


I  ir:g2 


•  I' OS 


00  iO 


o 
o» 


I  I 


IS  ISg 


O'^ejl.'rOO  1-tr-l 

1-1  rH  O  OS  ©I  e»        rfO 


00 


00 


I 


a 
c 

s  ® 
go 

«  c 

o> 


sail  ;I55 


OS 


M 

• 

J4 


CD 


The  Business  of  Murray  &  Dermont, 


Importers  of  Straw  Goods, 


FOE  THE  PERIOD  OF  THE  MONTH  OF  MARCH,  1877. 


>'2 


SSJ-^ 


•^  fl 


et 


e 


to 


§5 

a  2 
«8  a 


s 
a 

3 

oa 

s 

d 


A  well  planned  method  of  numbering  the  elements  of  all  transactions  is 
desirable  in  every  systeip  of  Book-keeping,  to  secure  against  errors  and  frauds, 
but  particularly  in  this  it  is  rigidly  to  be  carried  through,  to  keep  up  a  perfect 
connection  between  the  elements  of  all  books,  and  to  produce  the  greatest 
possible  accuracy  in  the  smallest  compass. 


88 


INVOICES  ESTWARD, 


Invoices  Inward  do  not  come  under  the  proper  head  "  Books."  As  soon  as 
they  arrive,  they  give  their  elements  to  the  Purchase  Book  and  Current  Stock 
Book,  and  are  then  placed  on  Patent  File,  where  they  remain  as  vouchers  for 
future  use.  All  copying  being  objectionable  in  actual  business,  no  copy  of  them  is 
made  anywhere,  except  if  required  for  the  use  of  the  custom-housa 


No.  25. 


MD 


Messrs.  Murray  &  Dermont, 


BuLLE  Suisse,  Fdmiary  13, 1877. 
To  A.  Dupour  &  Co.,  Dr. 


2813 
2814 
2815 
2816 


Shipped  to  you  via  Havre,  care  of  P.  Danzas  &  Lux,  by  order 
of  Q.  M.  Metway. 


Frcs. 


5800  pes.  7  bout  Simples. 

6800  "   11  " 

•J"  <«     (( 

11  ♦• 


5600  " 
5400  " 


57 
65 
43 
45 


3306 
4420 
2408 
2403 


4  cases  and  packing. 
Legalization 


Frcs. 


12564 
20 

25 


12609 
A.  DUFOUR  &  Ck). 


..  ,,  .  ^  Havre,  February  17,  1877. 

Messrs.  Murray  k  Dermont,  New  York  : 

Obktlemen  :  We  confirm  our  last,  15tb  inst.,  of  the  shipment  of  M  D  2767/2771  of  A.  Dufoor  & 

Co.,  and  have  again  the  pleasure  of  handing  you  Bill  of  Lading  and  charges  of  another  shipment  of 

diverse  braids,  shipped  to  us  by  the  same  gentlemen,  of  M  D  2813/2816,  which  we  send  you  at  a  very 

low  freight  by  steamer  St.  Laurent  leaving  us  this  day. 

We  are,  gentlemen. 

Truly  yours. 


P.  Danzas  &  Lux. 


Charges  on  M  D  2813/2816  to  your  Debit. 


Freight  from  BuUe  Suisse  to  Havre 

Marine  Insurance  on  frcs.,  13000  %%% 

Mending  Cases 

Cartage  and  Labor 

Postages  and  Bill  of  Lading 

Commission  on  receiving  and  forwarding,  frcs.,  12609  (^}i%. 

E.  &  O.  E. 


Frcs 


28 

81 

25 

10 

— 

16 

— 

4 

31 

52 

170' 

1 

P.  Danzas  &  Lux. 


'J" 


Ko.  26. 


I ! 


MD 


Ko.  d7. 


MF 


Ka  2a 


MD 


54 


Mesars.  Mukkat  &  Dermont,  New  York,  Dr. 

G.  Menotti  &  Fkatklla. 


Florence,  February  14,  1877 


2404 
2406 
2406 
2407 
2408 


Shipped  to  your  address,  via  Havre,  P.  Danz  is  &  Lux,  iroods  for 
your  account  and  risk,  ordered  by  O.  M.  Metway. 


400 
400 
400 
400 


Frcs. 


400    2000  doz.  Leghorn  Hats. @  57._: 


Certified  Invoice 

5  Cases  and  Packing. 


QuisEPPE  Menotti  &  Fratella. 


^*%^^i^?^*i!?'°^  ^^""^^  ^  ^  2404/2408,  per  steamer  Hammonia.  Captain  Foss,  to 
the  Debit  of  Murray  &  Dermont.  ft-*  ««»,  i« 


Freight  from  Florence  to  Havre 

Marine  Insurance  on  frcs.  114600  %%%  ..    \...\'.\\ 

Cartages  and  Labor \ !..!!!. 

Postages  and  Bill  of  Lading V.....\. .'.'.'..'.'.... .... 

Commission  on  receiving  and  forwarding,  frcs.  llilOO  (a  ik  < 
E.  &0.  E. 
Havre,  Fdyruary  18, 1877. 


Frcs. 


60 

716 

25 

26 

-^ 

7 

60 

14368 

051 

38 


P.  Danzas  &  Lux. 


Invoice  of  160  cases  Straw  Goods,  sliipped  on  board  the  steamer  Alexandria.  Captain  McKav 
bound  for  New  York  and  consigned  to  Messrs.  Murray  &  Dermont,  for  sale  on  account 
oi  li.  Menotti  &  Fratella. 


1560/1599  @  300 
1600/1639  @  200 
1640/1679  @  150 
1680/1719  @  300 


.^^--  ^  Frcs. 

12000  pes.  Ecrue  Manila ^i  40 

8000    "   Tape,  14/15 @  3!20 

6000    «  Noir  Tape.  16/17 @  4.— 

12000    "  Scalcasimo @  8.— 

Certification ] 

160  Cases  and  Packing. 


16800 
25600 
24000 
36000  — 


Florence,  Janvarp  10, 1877. 


Frcs.  103225 
O.  Menotti  &  Fratella. 


Invoice  of  Cost  and  Charges  of  10  cases  Black  and  White  Braids,  shipped  per  steamer 
Celtic,  Captain  Gleadell,  for  account  and  risk  of  Murray  &  Dermont.  New  York  under 
the  intermedium  of  G.  M.  Metway.  ' 


1322 
1323 
1324 
1325 
1326 
1327 
1328 
1329 
1330 
1331 


450 
450 
450 
450 
450 
450 
450 
450 
450 
450 


E.  &  O.  E. 


4500  pes.  Black  and  Wliite,  @  l/5>^ 

10  Cases  and  Packing 

Entry  Bond  Fees  and  Certificate. 

Postages  and  Bill  of  Lading 

Insurance  on  £835  @  ^ 


£ 


828 

1 
1 

2 


2 

10 
11 
10 
111 


888 


16 


11 


Liverpool,  February  22, 1877. 


Burks  &  Jenkins. 


55 


No.  29. 


MD 


Messrs.  Murray  &  Dermont,  New  York, 

To  G.  Menotti  &  Fratella,  Dr 


Florence,  February  21,  1877. 


2519 
2520 
2521 
2522 

2523 
2524 
2625 
2526 
2627 


Braids,  shipped  via  Havre,  care  of  P.  Danzas  &  Lux,  for  your  account 
and  risk,  ordered  by^G.  M.  Metway. 


410 

410 
410 
410  1640  doz.  Pedal. 


Frcs 
.@  20.— 


900 
900 
900 
900 
900    4500  pes.  40/45  Bordures @  13.50 

legalization 


93550 

25 

9  Cases  and  Packing 135 


Free.   98710 
G.  Menotti  &  Fratella. 


Charges  of  forwarding  9  cases  M  D,  2519  2527,  per  steamer  Herder,  Capt.  Brandt  to  the 
Debit  of  Murray  &  Dermont,  N.  Y.  »       f  •     «*""**  «*  "»« 


No.  80. 


MD 


Freight  from  Florence  to  Havre 

Marine  Insurance  on  Frcs.  94000,  %%% . .... . .... '. . . .... 

Cartages  and  liabor '[ '.'.'.'.'. 

Postages  and  Bill  of  Lading 

Commission  on  Receiving  and  Forwarding  Frcs.  93710,  @  j^  '%. 

E.  &  O.  E. 
Havre,  February  25,  1877. 


Frcs. 


108 

587 

50 

45 

— 

7 

50 

117 

14 

865 

14 


P.  Danzas  &  Lux. 


2)iVVolb8iDatbc,  ©ad)fcn,  ben  24.  ^hxmx  1877. 
iln^mtiid  fitr  ^rrrett  iRttrrii^  &  l^ermoitt  in  ^ew  ^orft, 

toon  ^avlig(ft6nberfl&(So.,  ®  ip^olb^toolbc. 


©onbtc  lout  Orbre  be«  ^crm  «.  |tt.  Prttuai)  auf  ^W  h>ert^e  a^cAnung  unb  ©efa^t  bimb  9a, 
mlttlunfl  bet  ^erren  9Bil^elm9la^j)A;go.  in  fiomBura: 


1720 
1721 
1722 
1723 
1724 
1726 
1726 
1727 

1728 
1729 
1730 

1731 
1732 
1733 


600  ©turf  aSf ii^alm,  32o.  280, 

400      „  „  „     279. iffi  —  2« 

320     „    ©c^toors^alm,  9«o.  270, H     [35 


$amBuT(( 

3Rorf. 
^—.32 

r^— .29 


—.37 


320      „  ,  „    272,. 

100 

100 

100 

100    400  ®ut}cnb  ^mcn^utc,  toci§, @   4,_ 

160 
150 

1??    *5^        /r  „  „    gacftg, @    3.75 

300  @tu(f  ©tang^fltm,  9?o.  402, ra  —  29 

200  ^^     * 

2C0    400  ©tu(f  JRo^.Olana^alm,  @ -.15 

UTOcnic ... 

^onfularifd&c  SeglauBigung  . . . 


160 
116 
112 
118 


1600 

1687 
87 

60 


40 


50 


Wlatt 


3940 

70 
20 


90 


4030190 


^ax(  ^4liilfr(|  &  f #. 


^amBuT 


M  D  I7%b^*?7fq  f^oV  1877.-@»,cfen=9lc*nunft  fftr Jerren ajiurta^  &2)mnottt  in  5Reto  «orf, 
M  D  1720-1733, 14  iJijlcn  ©tro^toaarcn,  tocrlabcn  toct  25aml)fct  ..ffiiclanb."  Kobt.  fi^fci*  ® 


)^rad)lauetaflen  Bi3  ^amturg an^^t 

$ottoau^IoflCtt  fur  abuifo  unb  Sonoiff entente 

<Jerf(feiffungefpefcn 

S»>ebition ..'!.*.*!!!!! 

©eeofffcurnnj ' .' 

police  unb  ©tempel  ,[[ * 


42 

7 

28 

— 

28 

40 

30 

5 

150 

80 


l^irfeffit  9a|ip  A  f 0. 


? 


II 


Ko.  31. 


UD 


56 


Florence,  February  28,  1877. 
Messrs.  Murray  &  Dermont,  New  York, 

To  G.  Menotti  &  Fratella,  Dr. 


Skipped  to  your  address  via  Havre,  care  of  P.  Danzas  &  Lux,  for  your 
account  and  risk,  goods  ordered  by  G.  M.  Metway. 

Frcs. 
6  cases,  2691/2696,  @  240, 

1440  pes.  Milan  Extra,  42/45 @  15.— 

6  cases,  2697/2702,  @  400, 

2400  pes.  Coburg,  50/54 @  22.— 

12  cases,  2703/2714,  @  800, 

9600  pes.  Chip,  30/40 @    9.20 

8  cases,  2715/2722,  @  600, 

4800  pes.  ManUa,  50/54 @  18.— 

Certification 

32  Cases  and  Packing 


21600 
52800 
88320 
86400 


249120 
25 
820 


Frcs,  249465.— 


GuisBPPE  Menotti  &  Fratella. 


Charges  of  forwarding  32  cases  M  D,  2691/2722,  per  steamer  Labrador.  Capt.  Daur^,  to  the 
Debit  of  Murray  &  Dermont,  New  York. 


Freight  from  Florence  to  Havre 

Marine  Insurance  on  Frcs.  250000,  @  f^% 

Cartages  and  Labor 

Postage  Stamps  and  Bill  of  Lading 

Commission  on  Receiving  and  Forwarding  Frcs.  249465,  ^}i%. 


Frcs. 


384 

1562 

50 

95 

^— 

8 

^ 

311 

83 

236133 


E.  &  E.  O. 
Havre,  March  3,  1877. 


P.  Danzas  &  Lux. 


No.  82. 


¥ 

MD 

N.  Y. 


Invoice  of  400  bales  Canton  Braids,  shipped  via  Shanghae,  per  bark  Lady  Elizabeth,  Capt. 
Cobbet,  bound  for  New  York,  and  consigned  to  Messrs.  Murray  &  Dermont,  for  sale  on 
account  of  themselves  and  associates. 


200  bales  W  @  240 
200      "      M  @  240 


Gold. 

48000  pes.,  White @  40c. 

48000      "    Mottled @  27c. 

400  Bales  and  Packing 

Consul's  Certificate 

Export  Charges  and  Shipping  Expenses 


Gold, 


$32670  — 


Terms,  C.  O.  D.  to  Captain  Cobbet. 


Additional. 


3  %  Marine  Insurance  on  $34000 $1020. 

FreigTit  fronj  Canton  to  Shanghae 200. — 

Charter  Money  to  Bark  Elizabeth,  @  $5.—  per  bale 2000.— 

Gold,  $3220.— 


Canton,  Nwember  14,  1876. 


Connant  k  Faoin. 


57 


No.  88. 


MD 


Messrs.  Murray  &  Dermont, 


Bulle  Suisse,  March  7,  1877. 


To  A.  DuFOUR  &  Co.,  Dr. 


Shipped  to  your  order  via  Havre,  care  of  P.  Danzas  &  Lux, 
by  order  of  G.  M.  Metway. 


3231  5800 

3232  5800 

3233  5800    17400    7  end  Simples. 

3234  6800 

3235  6800 

3236  6800  2040011  " 

3237  5600 

3238  5600 

3239  5600    16800   7    "  "       . 

3240  5400 

3241  5400 

3242  6400    10200  11    " 


Frcs. 


12  Cases  and  Packing. 
Consul's  Fee 


— :  37692  — 


60 
25 


Frcs.  1  377771 
A.  DuFOUR  &  Co. 


Messrs.  Murray  &  Dermont,  New  York, 

To  P.  Danzas  &  Lux,  Dr. 


Havre,  March  10,  1877. 


For  cliarges  shipping  per  Frisia,  for  New  York,  M  D  3231/3342,  12  Cases  Swiss  Braids,  from 
Messrs.  A.  Dufour  &  Co. 


No.  84. 
MD 


No.  85. 
MD 


Frcs. 


Freight  from  Bulle  Suisse  to  Havre .' 

Marine  Insurance  on  Frcs.  38000,  @.%% 

Drayage  and  Labor 

Postages  and  Bill  of  Lading 

Commission  on  Receiving  and  Forwarding  Frcs.  37777,  @,}^%. 

E.  &  O.  E. 


120 

237 

50 

48 

— 

8 

50 

94 

44 

508 

44 


P.  Danzas  &  Lux. 


Invoice  of  Straw  Goods  shipped  on  1)oard  the  Adriatic,  Capt.  Perry,  bound  for  New  York, 
on  account  and  risk  of  Messrs.  Murray  &  Dermont. 


20  cases  1625/1644,  @  450 

9000  pes.  Black  and  White,  @  1/5^ 

20  Cases  and  Packing 

Entry  Bond  Fees  and  Certificate 

Postages  and  Bill  of  Lading 

Carti^es  and  Labor 

Insurance  on  £680  @  %^,  and  Policy. 

Liverpool,  March  15,  1877. 


£ 

. 

o 

656 

5 

0  — 

1  5 
110 
3- 
4|15 

6 

— 

13 

10 
15 

£669 

6 
6 


Burke  &  Jenkins. 


Messrs.  Murray  &  Dermont,  New  York, 

To  G.  Menotti  &  Fratella,  Dr. 


Florence,  March  13,  1877. 


Shipped  to  your  address  via  Havre,  care  of  P.  Danzas  &  Lux,  order  of 

G.  M.  Metway.  Frcs, 

2864/2869,  6  cases  @  390, 

2340  pes.  Mountain,  60/64 '. @  7.50 

2870/2875,  6  cases  @  400, 

2400  pes.  R  and  Ready,  16/17 @  6.32 

2876/2883,  8  eases  @  300, 

2400  pes.  Black  and  White,  43/50 @  5.— 

20  Cases  and  Packing 
Consul's  Certificate 


GuisEPPE  Menotti  &  Fratella. 


1 

III 


58 


Messrs.  Murray  &  Dermont,  New  York, 


Havrk,  March  17,  1877. 


To  P.  Danzas  k  Lux,  Dr. 


For  charjires  receiving  and  forwarding  per  steamer  Canada,  for  New  York,  M  D  3864/2883,  20  cases 
Italian  Braids,  from  Messrs.  G.  Menotti  &  Fratella. 


Freight  from  Florence  to  Havre 

Marine  Insurance  upon  frcs.  45500  @  ^  i. ! 

Cartages  and  Labor 

Postage  Stamps  and  Bill  of  I  hiding.   *  !........*.'.*.!** 

Commission  on  receiving  and  forwarding  frcs.  44943  ©ij^ji;! 
E.  &  O.  E. 


Frcs 


240 

284 

38 

80 

— 

10 

— 

11286 

726 

P.  Danzas  k  Lux. 


No.  36.  i  Messrs.  Murray  &  Dermont,  New  York, 


DippoLDSWALDE,  March  11, 1877. 


To  Carl  Schonbero  &  Co.,  Dr. 


MD 


Shipped  through  Wm.  Rapp  k  Co.,  Hamburg,  by  order  of  G.  M. 
Metwaj,  for  your  account  and  risk.  i 


10  cases  @  100  doz.  1947/1956, 


Mark.: 


1000  doz.  Gentlemen's  Hats,  White <a   4  — 


8  cases  @,  150  doz.  1957/1964, 


1200  doz.  Gentlemen's  Hats,  White— zigzag @    3 


18  Cases  and  Packing. 
Consul's  Certification. 


Mark. 


Cari  Schonbero  k  Co. 


Hamburg,  March  14,  1877. 
Messrs.  Murray  k  Dermont,  New  York : 

Dear  Sirs:  We  have  the  pleasure  to  inclose  you  Bill  of  Lading  and  Bill  of  Charges  for  18  cases 
marked  M  D  1947/1964.  containing  German  Straw  Hats,  from  Messrs.  Carl  Schonberg  k  Co.,  value 
mark  8610,  shipped  per  steamer  Cambria,  Captain  Schwensen,  in  accordance  with  the  instructions  of 
Mr.  G.  M.  Metway,  and  which,  we  trust,  will  reach  you  safely. 

We  remain. 

Your  obedient  servants, 

wit.  Rapp  k  Co. 
Charges  forwarding  18  cases  M  D  1947/1964. 


Freight  from  Dippoldswalde  to  Hamburg 

Stamps  and  Bill  of  Lading 1 ...... . 

Shipping  Expenses 

Marine  Insurance  upon  Mark  8800  @  ^  V-  •• ..........  !  \ . 

Commission  on  receiving  and  forwarding  Mark  8610  @  1^  %. 


Mark. 


62 

7 

50 

36 

-^ 

66 

— . 

43 

05 

209 

50 


Wm.  Rapp  k  Co. 


59 

INVOICES    OUTWARD. 

The  goods,  as  they  are  called  by  the  salesman,  or  by  the  "  caller,"  are  not  to  be 
entered  in  the  Sales  Book,  but  right  on  the  face  of  the  Invoices.  As  many  fac- 
similes as  needed  are  taken  by  the  copy-press,  which,  after  having  given  their 
elements  to  the  Sales  Book  and  Current  Stock  Book,  are  placed,  properly  numbered, 
on  Patent  File,  and  there  kept  as  vouchers. 

Thus,  the  manipulation  with  Invoices  Outward  and  the  Sales  Book  will  become 
uniform  with  that  of  Invoices  Inward  and  the  Purchase  Book,  and  these  books  can 
receive  a  more  practical  construction  than  they  ever  had. 


No.  30. 


MD 


Ko.  8L 


MD 


New  York,  March  2,  1877. 


Messrs.  Schutlbr  k  Wood,  Hillstown,  Conn. 

Bought  of  Murray  &  Dermont. 
Terms :  3  mos. 


10  Cases  Straw  Goods,  shipped  per  New  London  Passenger  Boat. 

719/728  @  420—4200  pes.  Black  and  White  English  Braids @  50c. 

3  %  discount  off 


2100 
63 


-.    2037 


New  York,  March  3,  1877. 


Messrs.  Halpin  k  Macy,  Metpield,  Mass. 

To  Murray  k  Dermont,  Dr. 

For  5  Cases  Braids,  shipped  per  Stonington  Line. 
Terms :  3  mos. 


071 
1562 
1795 

1333 
1797 


800 
800 
^    2400  pes.  Chip,  30/40 @|3.10 

400    "    Coburg,50/54 @    7.30 

900    "     Bordures,  40/45 @    4.50 

3  %  discount 


7440 

2920 
4050 


13977  70 


New  York,  March  3,  1877. 


Na  32. 


M  F 


No.  83. 


MD 


Messrs.  Reed  k  Lockwood,  Milwaukee,  Wis. 

Bought  of  Murray  &  Dermont. 

40  Cases  Straw  Goods,  shipped  per  American  Express  Co. 
Terms:  Cash. 


1560/1569  @  300--.3000  pes.  Ecrue  Manila @  $  .40 

1600/1609  @  200=2000     "    Tape,  14/15 @    1.— 

1640/1649  @  150—1500     "    Noir  Tape,  15/16 @   1.25 

1680/1689  ®  300— 3000     "    Scalcasimo @      .92 

6  ^discount 


Invoice  of  14  Cases  Straw  Goods,  shipped  per  Adams  Express,  to  and  for  account  of  Wm. 
Parson  k  Bros.,  Philadelphia,  Pa. 


No.  915,                 400  pes.  German  Braids,  White, 

452/458  @  500— 3500    " 

962/967  @  320— 1920    "          "           "        Black, 

No.  279... 
No.  280... 
No.  270... 

. .  .@  14c. 
.  ..@  16c. 
.  ..@  19c. 

56  — 
560  — 
364  80 

980'80 

Terms :  Cash.                                6  %  deduction. . . 

58 

85 
.95 

New  York,  March  5,  1877. 

921 

4 


tl 


N< 


• :    ( 


fl" 


f 


'^ 


I 


60 


No.  34. 


MD 


Ko.  35. 


Invoice  of  2  cases  Braids  and  Leghorn  Hats,  shipped  per  American  Express  Co.,  to  and  for 
account  of  Hastings  &  Griffin,  Chicago,  111. "       *^  f  •, 


1803   410  doz.  Pedal (fh  ^  IU\ 

1570   400    ••     Leghorn  Hats ■.'.'■■■.■.■.'.'.■.■;;;;;.';;. ■:.@  lO.'-- 

Terms  :  Cash—O  ^  discount 


New  York,  Mdrc7i  8, 1877. 


MD 


Ko.  36. 


Messrs'.  DwYER  &  Goodwin,  Westborough.  Mass., 

Bought  of  Murray  &,  Dermont 

6  cases  Straw  Goods,  shipped  per  Stonington  Line. 
207   2400 
714    3000 
1229   2500 

1772  2600 

1773  2600 

3354   3100    16200  pes.  7  end  Simples 

3  %  discount 

Terms :  3  mos. 


New  roRK,  March  9,  1877. 


.@20c. 


20 


8142 


80 


MD 


No.  37. 


MD 


xt  a  .   x,r  „  N"w  YoBK,  March  10,  1877. 

Messrs.  Schuyler  &  Wood,  Hillstown,  Conn., 

To  Murray  &  Dermont,  Dr. 

For  10  cases  Straw  Goods,  shipped  per  New  London  Passenger  Boat. 
Terms  :  4  mos. 


925/934  @  420  =  4200  pes.  Black  and  White  English  Braids. .  @  50c. 

2  %  discount 


2100 
42 


2058 


Messrs.  G.  Ellsworth  &  Co.,  South  Norwalk,  Conn., 

Bought  of  Murray  &  Dermont. 

Goods  shipped  per  South  Norwalk  Steamboat  Line. 
Terms  :  8  mos. 


New  York,  March  13,  1877. 


1360 
1361 

1354 
1768 


600 

600    1200  i»es.  Manila,  50/59 @  |6.— 

240 

248      488    "     Milan  Extra.  43/45 (^    6.— 

3  %  discount 


7200 
2440 


9640 

289 


9350 


20 
80 


No.  38. 

MD 


Invoice  of  2  eases  Straw  Goods,  shipped  per  Stonington  Line,  to  and  for  account  of  Halpin 
&  Macj,  Metfield,  Mass. 


1784 
2361 


6500 


No.  39. 


MD 


6100    12600  pes.  11  end  Simples @  22c 

Terms  :  4  mos. — 2  ^  discount 

New  York,  March  14,  1877. 


271656 


Invoice  of  14  eases  Braids,  shipped  per  Adams  Express,  to  and  for  account  of  Wni.  Parson 
&  Bros.,  Philadelphia,  Pa, 


473/479  @  300  =  2100  pes.  German  Lustre,  No.  402 @  15c, 


486/491  @  200  =  1400    " 
Terms :  Cash — 6  ^  discount 

New  York,  March  15,  1877. 


Rough @    8c. 


61 


No.  40.      Invoice  of  2  cases  Braids,  shipped  per  Adams  Express,  to  and  for  account  of  Davidson  & 
Leland,  Baltimore,  Md. 


MD 


No.  41. 


M  F 


425 
426 


300 


300    600  pes.  Black  and  White,  43/50 @$1.60!      960 

Terms:  CO.  D.  7 ^discount | 67 

New  York,  March  15,  1877. 


20 


892180 


Messrs.  Reed  &  Lcckwood,  Milwaukee,  Wis. 

Bought  of  Murray  &  Dermont. 
Terms :  2  mos. 


New  York,  March  15,  1877. 


No.  42. 


MD 


60  cases  Straw  Goods,  shipped  per  American  Express  Co. 

1570/1599  @  300  —  9000  pes.  Ecrue  Manila <a$  .40 

1610/1639  @  200  —  6000    "    Tape,  14/15 1  1.— 

4  %  discount 


3600  — 
6000  — 


9600  — 
384  — 


9216  — 


Messrs.  Halpin  &  Macy,  Metfield,  Mass. 

Bought  of  Murray  &  Dermont. 

9  Cases  Straw  Goods,  shipped  per  Stonington  Line. 
Terms :  5  mos. 


New  York,  March  16,  1877. 


No.  43. 


1357 
1258 
1778 

068 
1359 
1360 
1774 

1770 
2623 


890 

890 

890  1170  pes.  Mountain,  60/64 ^|2.50 

400 

400 

400 

400    1600    "    R.  and  Ready,  16/17 @  2.10 

400    *•    Coburg,  50/54 @  7.30 

900    "     Bordures,  40/45 @  4.50 

1  ^  discount 


Invoice  of  6  eases  Braids,  shipped  per  South  Norwalk  Steamboat  Line,  to  and  for  account 
of  G.  Ellsworth  &  Co.,  South  Norwalk,  Conn. 


MD 


Va  44. 


MD 


2691 
2692 

8716 
2716 

2697 
2524 


340 

240      480  i>cs.  Milan  Extra,  42/45 ®$S — 

600 

600    1200    "    Manila,  50/54 @  6.— 

400    •'    Coburg,50/54 ....,....(^7.30 

"    "     Bordures,  40/45 @  4.50 

2  %  discount 


900 


Terms:  4 mos. 
Nkw  York,  March  17,  1877. 


16570  — 
331 140 


16238  60 


Messrs.  Wm.  Parson  &  Bros.,  Philadelphia,  Pa. 

Bought  of  Murray  &  Dermont. 
Terms :  4  mos. 


New  York,  March  19,  1877. 


14  cases  Straw  Goods,  shipped  per  Adams  Exi*ess  Co. 

405/412  @  100  —  800  doz.  German  Gents'  Hats,  White 0^  — 

420/426^160-900    "  •'  "  «       -zigzag. .!  .;;li:  90 


2  %  discount. 


<> 


H 


\  i 


62 


No.  46. 


¥ 

MD 

N.  Y. 


No.  46. 


New  York,  March  19,  1877. 


Messrs.  Hastings  &  Griffin.  Chicago,  III., 

Bought  of  Murray  &  Dermont, 
100  bales  Canton  Braids,  shipped  per  American  Express  Co. 
Terms :  3  mos. 


100  bales  W  @  240. 

24000  pes.  White  Canton  Braids @  70c 

3  ^  discount 


16800 
604 

16296 

¥ 

MD 

N.  Y. 


No.  47. 


MD 


Messrs.  Wilson  &  Kelly,  Baltimore.  Md..  ^""'^  ^^"^^  ^^^  ^^'  ^^'^' 

•^  Bought  of  Murray  &  Dermont, 

Terms    CI       ^^  ^*^^^  Canton  Braids,  shipped  per  Adams  Express  Co. 


50  bales  W  @  240 
50     ••     M  @  240 


12000  pes.  White (a  70c 

12000    "     Mottled *.*...*!*..' .@  45e.' 

6  ^discount 


8400 
5400 


18800 
828 


12972 


Invoice  of  5  cases  Straw  Goods,  shipped  per  Stonington  Line,  to  and  for  account  of  Messrs. 
Halpin  &  Macy,  Metfield,  Mass. 


2703/2705  @  800 
1564/1565  @  600 
Terms :  5  mos. 


2400  pes.  Chip,  30/40 (a  $3.10 

1200    "    Manila.  50/54 .(|    6.- 

1  %  discount 


7440 
7200 


Ha  48. 


¥ 

MD 

N.  Y. 


No.  49. 


MD 


New  York,  March  20,  1877. 


14640 
146 


14498 


40 
60 


New  York,  March  20,  1877 


Union  Straw  Works,  St.  Louis,  Mo., 

Bought  of  Murray  &  Dermont, 
50  bales  Canton  Braids,  shipped  per  United  States  Express  Co. 
Terms :  2  mos. 


50  bales  W  @  240, 
12000  pes..  White. . 


4  %  discount. 


.@70c. 


8400 
336 


—     8064 


Invoice  of  10  cases  Straw  Goods,  shipped  per  New  London  Passenger  Boat,  to  and  for 
account  of  Schuyler  &  Wood.  Hillstown,  Conn. 


1068/1077®  400, 

4000  pc».  Black  and  White  English  Braids (gl  50c 

Terms  :  4  mos.  2  i  diaconnt  


No.  50. 


¥ 

MD 

N.  Y. 


2  %  discount. 
New  York,  March  21,  1877. 


2000  — 
40- 


1960 


Invoice  of  50  bales  Canton  Braids,  shipped  per  New  Haven  Steamboat  Line,  to  and  for 
account  of  Baldwin  &  Pratt,  Milford,  Conn. 


60  bales  @  240,  • 

12000  pes.  Mottled <a  45c 

Terms  :  4  mos.  2  %  discount. 

New  York,  March  21,  1877. 


6400 
108 

— 

6292 

I  *"£ ' 


m 


No.  61. 


Messrs.  Van  Dolph  &  Goodrich,  Cincinnati.  O. 

Bought  of  Murray  &  Dermont. 

2  cases  Straw  Goods,  shipped  per  Adams  Express  Co. 
Terms:  Cash. 


New  York,  March  22,  1877. 


MD 


No.  52. 


2619 

1804 


410  doz.  Pedal @$6.50 

400    "     Leghorn  Hats @  19.— 

6  ^  discouut 


2665 
7600 


10266 

615  90 
9649  10 


MF 


Na  53. 


MD 


Na  54. 


Messrs.  Reed  &  Lockwood,  Milwaukee,  Wis. 

Bought  of  Murray  &  Dermont. 
Terms :  4  mos. 


New  York,  March  22,  1877. 


60  cases  Straw  Goods,  shipped  per  American  Express  Co. 

1650/1679  @  150  —  4500  pes.  Noir  Tape,  16/17 @  $1 .25 

1690/1719  @  300  —  9000    "     Scalcasimo @      .92 

2  ^  discount 


5625 

8280 


13905 

278 


136^6 


10 


90 


Invoice  of  2  cases  Straw  Goods,  shipped  per  Steamer  Knickerbocker.  Capt.  Eemble,  bound 
for  New  Orleans,  consigned  to  and  for  account  of  De  Forest  Bros. 


400 

400    800  doz.  Leghorn  Hats @  $19.- 


3404 
2405 

Terms :  Cash.  6  fi  discount. 

New  York,  March  24.  1877. 


15200  — 
912  — 


14288  — 


MD 


Na  55. 


MD 


Invoice  of  3  cases  Straw  Goods,  shipped  per  South  Norwalk  Steamboat  Line,  to  and  for 
account  of  G.  Ellsworth  &  Co.,  South  Norwalk,  Conn. 


1233 
1641 
2366 


5500  pes.  11  end  Simples @  16c. 

5700  11100  "   7  "    "   @15c. 

1  %  discount 


Terms :  5  mos. 
New  York,  March  26.  1877. 


Invoice  of  16  cases  Straw  Goods,  shipped  per  Adams  Express  Co.,  to  and  for  account  of 
Wm.  Parson  &  Bros.,  PhiUdelphia,  Pa. 


No.  56. 


¥ 

MD 

H.  Y. 


967/974  @  100  —   800  doz.  German  Gents'  Hats,  White ^  t2  — 

1111/1118®  150 -1200    •'  "  "  "      -zigzag...©    1.90 

Terms :  6  mos. 
New  York,  March  27,  1877. 


Messrs.  A.  Alden  &  Co.,  Middleborough,  Mass. 

Bought  of  Murray  &  Dermont. 
Terms :  Cash. 


New  York,  March  27,  1877. 


100  bales  Canton  Braids,  shipped  per  Stonington  Line. 

100  bales  M  @  240 

24000  pes.  Mottled @  45c. 

6  %  discount 


10800  — 
648—1  10152  — 


I 


No.  57. 


MD 


In 


No.  68. 


I   1 


i 


III 


MD 


64 


New  York,  March  29,  1877. 
Messrs.  Schuylkk  &  Wood,  Hillstown,  Conn. 

Bought  of  Murray  k  Dermont. 
Terms  :  6  mos. 


1156 
1157 
1158 
1159 
1160 
1161 


6  cases  Straw  Goods,  shipped  per  New  London  Passenger  Boat. 

410 
410 
410 
410 
410 
450    2500  Black  and  White  English  Braids @  60c. 


1250 

New  York,  March  30,  1877. 


Messrs.  Dwyer  &  Goodwin,  Westborough,  Mass. 

Bought  of  Murray  &  Dermont. 
Terms :  4  mos. 


425 
426 
427 
428 
9'»2 
963 
964 
965 
2876 

2864 
2865 

2870 


8  cases  Italian  Braids,  shipped  per  Stonington  Line. 


300 
300 
300 
300 
300 
300 
300 
300 
JOO 

390 
390 


JOO    2700  pes.  Black  and  White,  43/50 @  $1.60 


780    " 
400    '* 


Mountain,  60  64 

R.  and  Ready,  16/17. 
2  %  discount 


.@    2.50 
.@    2.10 


I 


> 


66 


PURCHASE    AND    SALES    BOOKS. 


Practical  book-keepers  have  introduced  an  abbreviated  form  of  Pnreliase 
Books,  condtructed  upon  the  truly  sound  principle,  that — the  Invoices  on  file  fur- 
nishing a  sufficient  record  of  details — Purchase  Books  need  not  contain  more  than 
the  date,  credit,  reference  to  the  voucher  and  the  amount  of  each  purchase.  Purchase 
Books  thus  arranged  present  the  whole  of  merchandise  bought  in  a  succinct  manner, 
afford  a  general  view,  and  facilitate  direct  posting  ;  but  they  have  still  the  defect  of 
not  being  adapted  for  compilation,  and  of  containing  only  the  first  record.  For  each 
subsequent  action  in  relation  to  purchases,  be  it  a  payment,  a  deduction,  or  return 
of  parcels,  separate  entries  or  postings  must  be  made  in  the  Journal,  or  on  the 
Ledger. 

To  remove  this  defect  and  to  save  all  unnecessary  work,  the  author  has  given 
the  Purchase  Book  a  folio  form,  retaining  on  the  left  page  the  main  features  of  the 
first  record,  allotting  the  right  page  to  any  subsequent  action  in  reference  to  each 
purchase,  and  making  the  whole,  by  simply  extending  the  amounts  on  the  left  or 
right  page,  bear  out  results  in  the  quickest  possible  way. 

If  we  now  consider  that  practical  book-keepers  were  led  to  give  Purchase 
Books  an  abbreviated  form,  because  the  Invoices  on  file  served  as  a  record  of 
details,  it  must  appear  very  strange  that  no  one  as  yet  has  acted  upon  the  same 
principle,  to  construct  the  Sales  Books  in  the  same  manner.  Sales  Books,  as  kept 
now,  are  monstrously  lieavy  and  cumbrous  machines.  By  entering  in  them  the 
goods  as  they  are  called  by  the  "caller'*  in  their  s\iccession,  with  all  details,  they 
present  a  kind  of  the  old  obsolete  Day  Book,  from  which  each  sale  must  be 
posted  separately. 

There  is  no  imaginable  reason  why  the  prima  facie  entry  of  each  sale  should 
not  be  made — instead  in  the  Sales  Book — directly  on  the  Invoice  Outward, 
which,  under  all  cintumstances,  must  be  sent  with  the  goods ;  and  why  not  as  many 
fac-si  miles  as  needed  should  be  taken  from  it  by  the  copy  press,  and  placed  on 
patent  file  to  serve  the  same  purpose  as  Invoices  Inward.  With  these  fac-similes 
on  record,  there  is  no  conceivable  reason  why  Sales  Books  should  not  be  kept  in  the 
same  manner  as  Purchase  Books,  thus  condensing  the  whole  of  merchandise 
account,  and  saving  an  immense  number  of  entries  and  postings. 

These  were  the  considerations  that  prompted  the  author  to  arrange  the 
Purchase  and  Sales  Book  in  the  way  as  seen  on  the  following  pages,  and  to  make 
both  uniform  in  their  action. 


1^ 


B^aKtm^ 


I 


i 


I 


ill 


ee 


w 


Folio  5. 


This  Book  presents  in  a  nntshell  the  whole  of  Merchandise  Account  in  its  relation  to  shippers  and  forwarders.  Their  names,  with  reference  to  date  and  the  Invoices  on  File, 
are  entered  in  the  left  hand  side,  but  only  such  amounts  extended  for  which  no  notes  are  to  be  given.  In  the  right  hand  side,  on  the  same  line,  opposite  each  purchase,  are  entered, 
under  the  head  of  "Bills  Payable,"  the  notes  given  in  payment,  and  their  amounts  extended.  At  the  end  of  the  month,  the  extended  amounts  culminate  in  the  two  very  simple 
entries,  seen  at  the  bottom,  giving  the  collated  results  to  the  Ledger. 

Should  it  be  expressly  desired  to  post  every  purchase  singly  to  the  credit  of  the  respective  persons,  in  order  to  have  the  dealings  with  each  chronologically  arranged  on  the 
Ledger,  that  can  be  done  from  the  left  hand  side,  by  posting  "Merchandise  (with  its  aggregate)  Dr.  to  each  person."  Then,  the  entry  from  the  right  hand  side  would  be  "each 
person  Dr.  to  Bills  Payable"  (with  its  aggregate).  This  proceeding,  however,  is  superfluous,  since  the  Purchase  Book  itself  affords  a  sufficiently  clear  exhibit  of  all  dealings  with 
each  person. 


1877. 

March  1.. 

M 

1.. 

M 

2.. 

« 

2.. 

M 

5.. 

M 

8.. 

M 

8.. 

W 

13.. 

M 

13.. 

U 

14.. 

H 

14  . 

*i 

20.. 

U 

20.. 

U 

24.. 

U 

28. 

€1 

28.. 

a 

29.. 

ti 

29.. 

To  A.  Dufour  &  Co For 

"  P.  Danzas  &  Lux " 

"  G.  Menotti  &  Fratella. .  " 

"  P.  Danzas  &  Lux " 

*'  Burke  &  Jenkins " 

"  G.  Menotti  &  Fratella. .  •* 

"  P.  Danzas  &  Lux " 

"  Carl  Schonberg  &  Co.. .  " 

"  Wm.  Rapp  &  Co. " 

*'  G.  Menotti  &  Fratella. .  " 

"  P.  Danzas  &  Lux " 

"  A.  Dufour  &  Co " 

"  P.  Danzas  &  Lux ** 

••  Burke  &  Jenkins " 

"  G.  Menotti  &  Fratella. .  " 

"  P.  Danzas  &  Lux " 

"  Carl  Schonberg  &  Co...  " 

"  Wm.Rapp&Co " 


Invoice        Vo.  26 

Forwarding   "  25 . .  .Frcs. 

Invoice  "   86 

Forwarding  "  86 Frcs. 

Invoice 


«( 


M 


U 


Forwarding  "   89 Frcs 

Invoice  "   80 

Forwarding  "   80 Mark. 

Invoice  "   81 

Forwarding  "  81 Frcs. 

Invoice  **   88 

Forwarding  "    88 Frcs. 

Invoice  "    84 

"   86 

Forwarding  "  86 Frcs. 

Invoice  *'   86 

Forwarding  "  86 Mark. 


170 


951 


865 


160 


2861 


506 


726 


209 


77 


88 


14 


80 


88 


44 


74 


55 


(S^^H 


®20>^' 


^20>^ 


<^25K 


<^20^ 


@20^ 


^20>^ 


(^25^ 


85 


195 


177 


88 


484 


104 


01 


03 


85 


88 


07 


28 


148 


52 


98 


16 


1285 


16 


1877. 
March  1 . . 

•*      2.. 

"      6.. 
"      9.. 

«     14.. 

•     15. . 

"     21.. 

"    26.. 
"    29.. 

"    81.. 

r- 


To  Bills  Payable.    For  our  Note  Ko.  86 Frcs. 

"      **          "  «  ..  ti    26 Frcs. 

tt       !•            M  ft  «  ((  28                                      £ 

"      "           -  -  "  "    29 Frcs. 

"       "           ««  "  "  "    80 Mark. 

"      "           -  -  •*  "    81 Frcs. 

*      "           "  -  "  "    88 Frcs. 

"  ••  "  »•    86 Frcs. 

"      "           -  •  "  "    86 Mark. 


12605 

— 

@20>^ 

114100 

— 

@20>^ 

388.15 

11 

@  15.15 

93710 

— 

@20>^ 

4030 

90 

@25>^ 

249465 

— 

@20>^ 

87777 

— 

@2014 

669.15 

6 

@$5.15 

44943 

— 

@20^ 

8610 

— 

@25K 

258485 


2339050 


1719 
19210 


1027 


05 
55 


88 


51140  33 


7744,29 


3449  34 


9218 


32 


2195  55 121675  66 


Collated  result  of  this  side :  L  m.,  F  4.   Merchandise  to  Sundries. 

LI.,  7  8.    P.  Danzas  &  Lux 1144.67 

LL,F4.    Wm.Rapp&Co. 90.49     128516 


Collated  resuU  of  thi0  sida :  L  III«  7  4*8.    Merchandise  to  Bills  Payable 121675.66 


li 


68 


m 


I 


<•: 


69 


FoUo  5. 


S^LES   BOOK. 


WwH  the  Invoices  Outward  on  file,  furnishing  the  record  of  details  for  all  sales,  the  action  and  arrangement  of  the  Sales  Book  becomes  uniform  with  that  of  the  Purchase  Book. 
In  the  following  pattern  the  left  page  sliows  with  its  extended  amounts  the  debtors  who  have  not  yet  sent  in  their  notes,  while  the  right  hand  page  exhibits,  with  the  extended 
amounts,  the  notes  received  in  payment.  At  the  end  of  the  month,  or  whenever  needed,  the  extended  amounts  are  compiled,  giving,  in  two  very  simple  entries,  the  collated  results 
to  tlie  Ledger.  If  it  were  expressly  desired  to  post  every  sale  to  the  debit  of  the  respective  parties,  the  entry  would  be:  From  the  left  page,  "each  person  Dr.  to  Merchandise  (for 
Its  aggregate),"  and  from  the  right  hand  page,  "  Bills  Receivable  (with  its  aggregate)  Dr.  to  .«ich  person."  For  cash  receipts  the  Cash  Book  would  then  have  to  show  Cash  Dr.  to  each 
person.     The  author  does  not  approve  of  any  such  manipulations,  wliich  are  only  impediments   in  the  quick  development  of  the  Statement. 


1877. 

March  2.. 

tg 

3.. 

•« 

5  . 

«4 

8.. 

•♦ 

9.. 

10.. 

<• 

13.. 

<< 

14.. 

tt 

15.. 

<t 

15.. 

« 

16.. 

« 

17.. 

«i 

19.. 

« 

20.. 

<< 

21.. 

u 

22.. 

24.. 

26.. 

t< 

27.. 

<< 

29.. 

4. 

30.. 

Bv  Schuyler  &  Wood For  Invoice  Outward  Ko.  80.    Terms  :  Note  @  3  mos. 


"    Halpin  &  Macj •♦ 

"    Wm.  Parson  &  Bros ** 

"    Hastings  &  Griffin " 

**    Dwjer  &  Goodwin •* 

"    Schuyler  &  Wood " 

"    G.  Ellsworth  &  Co •♦ 

"    Halpin  &  Macy " 

"    Wm.  Parson  &  Bros " 

"    Davidson  &  Leland " 

"    Halpin  &  Macy •• 

"    G.  Ellsworth*  Co •' 

"    Wm.  Parson  &  Bros *• 

"    Halpin  &  Macy •• 

*'    Schuyler  &  Wood •• 

••    VanDolph  &  Goodrich..  " 

"    De  Forest  Bros •• 

"    G.  Ellsworth  &  Co " 

"    Wm.  Parson  &  Bros •* 

"    Schuyler  &  Wood " 

•*    Bwyer  &  Goodwin •« 


tt 


t( 

81. 

« 

88. 

(( 

84. 

l< 

86. 

«l 

86. 

II 

87. 

II 

88. 

II 

89. 

11 

40. 

tl 

48. 

II 

48. 

II 

44. 

II 

47. 

II 

48. 

II 

61. 

11 

68. 

II 

64. 

M 

66. 

U 

67. 

M 

KM 

«« 


"    @3    •' 
Cksh 


M 


t< 


<l 


Note  @  3  mos. 

"  ©4  " 
"  @3  " 
«    (^4    " 

Cash 

CO.  J) 

Note  @,  5  mos. 
"    (^4    •* 
**    @4    " 
"    ©5    " 
"    @4    «• 

Cash 


Note  (^  5  mos. 
•*    @6    " 
"    @6    " 
••    @4    '• 


14288 

3880 
1250 
6967 


80 


26885 


80 


1877. 

March  7.. 

«< 

7.. 

** 

7.. 

tt 

16.. 

•« 

14.. 

<( 

15.. 

tt 

15.. 

•< 

19.. 

tt 

17.. 

tt 

19.. 

tt 

21.. 

tt 

20.. 

«( 

23.. 

tt 

26.. 

tt 

26.. 

tt 

27.. 

By  Bills  Receivable.    For  Note  Vo.  81. 


<•      it 


«(      i< 


"  "       "    82. 

Cash  Book  F  7. 

••  -  F  8. 
For  Note  Ho.  86. 

M  «<        II     oa 

M  «  II      oo 

«f  *4 


1833 
13977 


«• 


•<      tt 


(( 


••   28.. 


tt 


tt      tt 


tt      t( 


(f 


«    81.. 

Cash  Book  F  8. . . 

Invoice  Returned*. 

For  Note  Vo.  88. . . 

•*       "    88.., 

M  II        ^M 

M  l<  II        M 

**  "  "  87... 
Cash  Book  F  8... 
Fop 

-    Note  Fo.  89  . . 


3142 
2058 
9350 
2580 


30 
70 


80 


80 
73 


13122 
16238 

3243 
14493 

1960 


251955 


203  70 


ia5  83 


45 
60 
80 
60 


8452133 


Compiled  result  from  this  side  :  Sundries  to  Merchandise,  1  m.,  F  4. 

L  n.,  F  8.  De  Forest  Bros 

1  n.,  F  8.  Wm.  Parson  &  Bros 

I  n.,  F  1.  Schuyler  &  Wood 

L  n.,  F  4.  Dwyer  &  Goodwin  


14288— 

8880..- 

« 1 

1250.— 

6967.80 

26385.80 

I  m.,  F  8  X  4. 

Compiled  result  from  this  side :  Bills  Receivable  to  Merchandise 84521.33 

♦For  all  kinds  of  deductions  and  for  goods  returned,  no  entry  whatever  necessary. 


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CHECK   BOOK. 


All  cash  being  operated  on  through  the  Bank,  as  it  onglit  to  be  in  every 
well  regulated  business,  the  Bank  Check  Book  is  a  perfect  Cash  Journal,  and  as 
such,  a  leading  book  with  a  full  record  of  all  financial  operations ;  but  as  its 
fonn  is  not  adaptable  for  compilation,  the  Cash  Book  assumes  this  function,  and 
operates  as  its  tender.  While  the  first  contains  all  details  and  is  kept  always 
balanced,  the  latter  presents  in  abbreviated  form  the  collated  results,  and  leads 
them  to  the  Ledger. 

Wherever  cash  items  appear  in  other  books,  they  are  not  from  there  posted. 


New  York,  March  1,  1877. 


44178  S4 

Ist.  Balance  in  Bank 

44178 

84 

Ist.                                      Ho.  181. 
Merchandise. 

890 

07 

77 

/ 

* 

Daties  at  Caatoin-bouse  for  Invoioe 
No.  26,  Frcs.  4413.15,  at  193,  Pre- 
miam  for  srold  104V^ 

890 

07 

V 

43288 

/ 

Ist.                                      Ho.  18S. 
Merchandise. 

28 

77 

7 

Freight,  per  Steamer  St.  Laurent, 
on  4  cases  of  Invoice  No.  25... . 

V 

38 

.^^ 

43260 

/ 

1st.                                     Ho.  18S. 
J.  C.  Swift. 

300 

77 

/ 

Tn  meet  small  exT>en8e8. .......... 

800 

V 

42960 

/ 

2d.                                      Vo.  184. 
Merchandise. 

8073 

56 
21 

/                       '* 

Duties  at  Custom-bonse  for  Invoioe 
No.  26,  Frcs.  39935.—  @  193,  Pre- 
mium for  flrold  104^ 

8073 

56 

V 

34887 

/ 

2d.                                       Vo.  186. 
Merchandise. 

42 

21 

/ 

Freight,  per  Steamer  Hammonia,  on 
5  cases  of  Invoice  No.  26 

V 

42 

— 

34845 

1 

2d.                                      Ho.  186. 

1 

Menotti's  Sales  Account. 

7304 

06 
15 

1 

84 

Duties  at  Custom-house  for  Invoice 
No.  27,  Frcs.  36128.75.  @   193, 
Premium  for  gold  104^^ 

7304 

06 

27541 

44178 

16637 

69 

^  Indicates  being  entered  in  Cash  Book. 


73 


New  York,  March  2,  1877. 


r 


16637  69 


2d.  Ho.  187. 

Menotti's  Sales  Account. 

Freight,  per  steamer  Alexandria,  on 
160  cases  of  Invoice  No.  27 

■ 


800  — 


2d.  Ho.  188. 

Bills  Payable.    Ho.  1. 

Note  to  Menotti  &  Fratella,  due  5th 
inst.  at  Paris,  through  Drexel 
&  Morgan,  Frcs.  45655.—.  Ex- 
change  rate  5.161^,  Premium  for 
goldl04>^ ,     924154 


5th. 


Ho.  189. 


Merchandise. 


Duties  at  Custom-house  for  Invoice 
No.  28,  £83.9  @,  $4.8665,   Pre 
mium  for  gold  104^ 

V 


5th 


Ho.  190. 


Merchandise. 


Freight,  per  steamer  Celtic,  on  10 
cases  of  Invoice  No.  28 

V 


5th. 


Ho.  191. 


Loans. 


To  H.  &  E.  Belgrave,  until  the  26th, 


42591 


50  — 


5th. 


Ho.  198. 


J.  C.  Swift. 


1000— 


15728 


To  meet  small  expenditures. 


80oU 
28455^14 


I 
I 


I 


74 


New  York,  March  6,  1877. 


15723  70 


3385  01 


13338  69 
1374340 


3608109 


7th.  Dep.  Ho.  26. 

Bills  Receivable.    Ho.  1. 

Of  Dwjer  h  Goodwin,    for  their 
note,  due  6th  inst 


44178 


84 


931 


37003 
6654 


30348 


63 


30285 
11605 


95 

04 
53 

51 


7th.  Ho.  27. 

Merchandise. 

Of  Wm.  Parson  &  Bros.,  for  amount 
of  Sale  No.  33,  their  check  on 
the  Central  Bank,  of  New  York . 


13743 


931 


40 


51 


31890 


9569 


33330 


51 


7364 


39685 

348 


39436 


88 
63 


»th.  Ho.  2S. 

Bills  Receiyable.    Ho.  2. 

Of  Halpin  &  Macj,  for  their  note, 
due  8th  inst 


6th.  Ho.  198. 

Bills  Payable.    Ho.  8. 

Note  to  Carl  Schonberjif  &  Co.,  due 
8th  inst.,  at  Dresden,  through 
A.  Belmont  &  Co.,  Mark  13519.—, 
Exchange  rate  953^,  gold  104;^.. 


28456 


8th. 


Vo.  191 


8885 


14 


Merchandise. 


95  Duties  at  Custom-house,  for  In- 
voice No.  39,  Frcs.  32798.50,  @ 
193,  Premium  for  gold,  105^ ... 


90 

.)3 

84 

69 


303 


91 


39233J78 


10th.  Ho.  29. 

Menotti's  Sales  Account. 

Of  Reed  &  Lockwood,  for  amount 
of  Sale  No.  33,  check  drawn  by 
the  Manufacturers  Bank,  of  Mil 
waukee,   on  the  American    Ex 
change  Bank,  of  New  York..  . . , 


11605 


8t1i. 


Ho.  196. 


Merchandise. 


6654 


01 


53 


Freight,  per  steamer  Herder,  on  9 
cases  of  Invoice  No.  39. 


7364 


10th.  Ho.  196. 

Bills  Payable.    Ho.  8. 

Note  to  Menotti  &  Fratella,  due 
13th  inst.,  at  Paris,  through 
Drexel  &  Morgan,  Frcn.  47050.—, 
Exchange  rate  5.15.  gold  104a^... 


63 


90 


13th. 


Vo.  197. 


9569 


Wm.  Rapp  &  Co. 


7781309 


Their  sight  draft  for  1000  Marks, 
Exchange  rate  951,^,  gold  104>^.. 

12th.  Ho.  196. 

Travelliho  AccouNt. 

G.  M.  Metway's  letter  of  credit, 
drawn  at  Drexel,  Harjes  &  Co.'s 
(office),    Paris,   Frcs.    lOCO,   Ex 
change  rate  5.15,  gold  104>^. .. . 


88 


34884 


303 


48679 


91 
31 


09833 


851 


28883 


98 


38784 


3400 


36884 


78 


60 

18 


18 


08 
10 


17609 


8774 


193 


8583 


9734 


18307 


300 


18007 


67 
43 


43 


80 
23 


28 


76 


New  York,  March  13,  1877. 


77183 


14th.  Ho.  80. 

Bills  Receiyable.    Ho.  6. 

Of  Wm.  Parson  &  Bros.,  for  their 
note  due  13th  inst 


09 


9734 


87587 


80 


89 


13th.  Ho.  199. 

Merchandise. 

Duties  at  Custom-house  for  InYoice 
No.  30,  Mark  1410.83,  %  3383, 
Premium  for  gold  104^^ 


13th.  Ho.  200. 

Merchandise. 

Freight,  per  Steamer  Wieland,  on 
14  cases  of  Invoice  No.  30 

18th.  Ho.  201. 

Bills  Payable.    Ho.  4. 

Note  to  A.  Dufour  &  Co.,  due  16th 
inst.  at  Paris,  through  Drexel  & 
Morgan,  Frcs.  11814.—.     Exch 
rate  5.15,  Premium  for  gold  104^^^ 


4857931 


65160 


98 


14th. 


Ho.  202. 


Merchandise. 


Duties  at  Custom-house  for  Invoice 
No.  31,  Frcs  87313. 75,  @  193,  Pre- 
mium for  gold  1043^ 


14th. 


Ho.  208. 


3400 


06 


17609  67 


Merchandise. 


Freight,  per  Steamer  Labrador,  on 
33  cases  of  Invoice  No.  31 


16th. 


Vo.  204. 


J.  C.  Swift. 


To  meet  small  expenditures. 


192 


300 


69530 


66 


t   I 


76 


New  York,  March  16,  1877. 


18007 


9649 


23 


10 


16th. 


Mekchaxdise. 


Ho.  31. 


27656 
18797 


8858 


33 
39 


94 


5112  11 

1397105 
1197764 


Of  Hastings  &  Griffin,  for  amount 
of  sale  No.  34,  their  check  on  the 
Commercial  National  Bank,  of 
Chicago 

V 


16th. 

Bills  Receivable. 


Ho.  32. 
Hot.  11  and  12. 


For  notes  sold  to  broker  D.  Williamn 

Note  Ho.  11 3130.20 

10  %  disc,  for  40  days,   34.50 13078.61 

Note  Ho.  12 2075.— 

10^disc.for72days,  41.50   2033.50 


1993  41 


300 


1693 


41 


8238  44 


*  6546  08 

401;38 

«  6143  65 


7600 


1456 
2673 


1216 


120 


*1886 


35 
05 

70 


70 


17th. 


Ho.  33. 


Merchandise. 


Of  Wm.  Parson  &  Bros.,  for  amount 
of  sale  No.  39,  their  check  on  the 
Oirard  National  Bank,  of  Phil- 
adelphia  

V 

19th.  Ho.  34. 

Bills  Receiyablb    Ho.  6. 
Of  De  Forest  Bros.,  for  their  note 


due  15th  Inst. 

V 


8753789 


964910 


5112 


16th. 


Ho.  206. 


Speculation  Co. 


11 


401 


38 


7600  — 


111030048 


Our  half  share  of  Invoice  No.  82, 
in  joint  interest  with  Hartington 
Bros,  and  ourselves. 

Our  half   share    gold,   $17945  ( 
\(A% 


16th. 


Ho.  806. 


Speculation  Co. 


Duties  at  Custom-house  for  Invoice 
No.  32,  $11434.50.  Premium  for 
gold,  104^ 


17th. 


J.  C.  Swift. 


Ho.  807. 


69580 


18797  89 


66 


11977 


64 


To  meet  small  expenditures. 


17th. 


Bills  Payable. 


Ho.  808. 
Ho.  6. 


Note  to  Menotti  &  Fratella,  due  the 
20th  inst.,  at  Paris,  through 
Drexel  &  Morgan,  Frcs.  40454. — , 
Exchange  rate  5.13^1^,  Premium 
for  gold,  104^ 


800 


20th. 


Ho.  809. 


Merchandise. 


Duties  at  Custom-house  for  Invoice 
No.  33,  Frcs.  13221.95  @  193,  Pre 

mium  for  gold,  104^ 

V 


20th. 


Ho.  810. 


Merchandise. 


Freight,  per  steamer  Frisia,  on  12 
cases  of  Invoice  No.  33 

V 


8238 


2673 


44 


06 


180- 


111687(18 


Balances  marked  *  signify  overdrafts,  covered  by  deposit  of  U.  8.  Bonda 


77 


New  York,  March  20,  1877. 


*1886 


11650 


10313 


2979 


7388 


70 


30 


63 
67 


20th.  Ho.  36. 

Bills  Receivable.    Ho.  8. 

Of  Dwyer  &  Goodwin,  fortheir  note 
due  18th  instant 


110300 


23d. 


Ho.  36. 


Speculation  Co. 


12972 

20305|67i 
300 


Of  Wilson  &  Kelly,  for  amount  of 
sale  No.  46,  their  check  on  the 
Chesapeake  Bank,  of  Baltimore. 


11650 


48 


12972  — 


20005  67 


854 


19151 


120 


19031 
11387 


30368 


10841 


19527 
1000 


20527 


6058 


59 
08 


08 
60 

68 


68 


19 


15468181 


24th.  Ho.  37. 

Bills  Receivable.    Ho.  10. 

Of  Q.   Ellsworth  k  Co.,  for  their 
note  due  23d  inst 


26tlu 


Loans. 


Ho.  38. 


Of  H.  &  E.  Belgrave,  return  of  loan 
of  the  5th  inst. 


11337 


1000 


60 


14726008 


20th. 


Bills  Payable. 


Ho.  211. 
Ho.  6. 


Note  to  Burke  &  Jenkins,  due  23d 
inst.,  at  London,  through  Drexel 
&  Morgan,  £585.5.10.  Exch.  rate 
$4.86,  gold  104^ 

V 

23d. 


111637 


18 


2979  63 


Ho.  212. 


J.  C.  Swift. 


To  meet  small  expenditures. 


24th.  Ho.  213. 

Merchandise. 

Duties  at  Custom-house  for  Invoice 
No.  34,   £167.8.11^,  @  4.8665 
Premium  for  gold  104^ 


300 


24th. 


Ho.  814. 


Merchandise. 


Freight,  per  Steamer  Adriatic,  on  20 
cases  of  Invoice  No.  34 , 

V 

24th.  Ho.  216. 

Bills  Payable.    Ho.  7. 

Note  to  Menotti  &  Fratella,   due 
28tli  inst.,  at  Paris,  through  Drex- 
el &  Morgan,  Frcs.  53110.—,  Ex 
change  rate,  5.13^,  gold  104^ . . 

V 

26th.  Ho.  216. 

Bills  Payablk    Ho.  8. 

Note  to  Carl  Schonberg  &  Co.,  due 
28th  inst.,  at  Dresden,  through  A. 
Belmont  &  Co.,  Mark,  20278.50, 
Exchange  rate  95 1^,  gold  104j^ . . 


854 


59 


120 


1084168 


505819 


13179127 


I! 


i  ; 

V 


i 


III 


I 

hi 


\ 


78 


New  York,  March  26,  1877. 


15468 


81 


14726008 


407  79  27th. 


No.  39. 


1506102 


964910 


2471012 


Merchandise. 


Of  Van  Dolph  &  Goodrich,  for 
amount  of  Sale  No.  51,  their 
check  on  the  Merchants'  National 
Bank,  of  Cincinnati 


2023721 


9649 


10 


15690918 


26th.  Ko.  217. 

P.  Danzas  &  Lux. 

Their  sight  draft  for  Frcs.  2000.—, 
Exchange  rate  5133!^,  gold  1045S^, 


28th. 


.  218. 


Merchandise. 


Duties  at  CustomhouBe  for  Invoice 
No.  35,  Frcs.  15730.05,  @  193, 
Premium  for  gold  104^ 


131791 


28th. 


Vo.  219. 


Merchandise. 


Freight,  per  steamer  Canada,  on  20 
cases  of  Invoice  No.  35 


I 


28th. 


Vo.220. 


Real  Estate. 


Asa  Taylor's  Bill  of  Examination 
of  Title  and  Transfer  of  Deed. . . 


29th. 


Merchandise. 


ITo.  221. 


Duties  at  Custom-house  for  Invoice 
No.  36,  Mark  3013.50,  @  2382, 
Premium  for  gold,  104% 


29th. 


Merchandise. 


Vo.  222. 


Freight,  per  Steamer  Cimbria,  on 
18  cases  of  Invoice  No.  36 


407 


27 


8180 


79 


10 


120 


850 


752 


81 


70 


136671,97 


79 


New  York,  March  30,  1877. 


20287 


10139 


21 


81 


80376 
300 


52 


80th. 


No.  40. 


Speculation  Co. 


Of  A.  Alden  &  Co.,  for  amount  of 
sale  No.  56,  their  check  on  the 
Old  County  National  Bank,  of 
Plymouth 10152  — 

%  %  off  for  collection 12.69 


156909 


19870120 


10139 


18 


31 


31st. 


No.  228. 


J.  C.  Swift. 


To  meet  small  expenditures. 

V 


31st.  No.  224. 

Bills  Payable.    No.  9. 

Note  to  Menotti  &  Fratella,  due 
April  5th,  at  Paris,  through  Drex- 
el  &  Morgan,  Frcs.  45100.—,  Ex- 
change rate  @  5.14>^,  gold  105. . 


13667197 


300 


9206 


31st.  No.  225. 

Oliver  Murray. 


For  his  private  use 


32 


600 


3lBt.  No.  226. 

Victor  C.  Dbrmont. 


For  his  private  use. 

V 


400  — 


14717829 


IS 


•:  ( 


1^ 


I' 


I! 


w 


118 


I    < 


7. 


Dr. 


80 


CASH.    L  m,  F  L 


MARCI 


m.    1    1 

7 
7 
9 

nLl  9  10 
14 
16 
16 


Mdsb. 


Bills 
Rbc. 


i 

g 


OQ 


81 


1877. 


CASH. 


To  Balance Old  Account 

"   Bills  Receivable For  Ho.  1 Deporit  Ko.  86. 

**   Merchandise "    Sale  Ko.  38 

"  Bills  Receivable "    Ko.  9 

*•   Menotti's  Sales  Accoant. .   "    Sale  Ko.  32 

"   Bills  Receivable "    Ko.  5  

"   Merchandise "    Sale  Ko.  84 

"  Bills  Receivable ••    Ko.  11  discounted,  3113.20. 

"     "    12  "         2075.—  "        "    82 


t« 

<l 

27 

M 

M 

28 

M 

M 

29 

M 

<i. 

80 

M 

U 

81 

921 


9649 


95 


10 


13742 


40 


11605  — 


9724  80 


Forwarded . 


5188 


44178 


7364 


84 


20 


1057105!  40260 


90 


40  51543 


n. 


m. 


9 
9 


m. 
II. 


74 


m. 


11 

7 


n. 
m. 


4 
12 


7 
8 


1 
1 
1 
2 
2 
2 
2 
2 
5 
5 

5 

5 
6 
8 
8 
10 
12 

12 

18 
13 
13 
14 
14 
16 

16 


Loans "     H^''""^  *"  "/,  ^..^'- i    " 


"  182. 

"  183. 

"  184. 

"  186. 


By  Merchandise For  Duty  on  Invoice  Ko.  26.  Check  Ko.  181 

"            "   Freight       "         "   26.  " 

**  J.  C  Swift To  meet  small  expenses. . 

"  Merchandise ■. .  For  Duty  on  Invoice  Ko.  26.  '* 

**           "           "    Freight       "       "    26.  " 

"   Menotti's  Sales  Account..   "    Duty  on       "        "    27.  " 

•*            "            "      ..  "    Freight       "        "    27.  " 

"  Bills  Payable "    Ko.  1 " 

••   Merchandise "    Duty  on  Invoice  Ko.  28.  '• 

•*            "    Freight       "        "    28.  " 


Mdse. 


"  186. 

"  187. 

"  188. 

"  189. 

"  190. 


"    191 


"  192. 

"  193. 

"  194. 

"  196. 

"  196. 

"  197. 

"  198. 


i  Belgrave,  until  26th 

"  J.  C  Swirt To  meet  small  expenses. . 

"   Bills  Payable For  Ko.  2 

"  Merchandise "    Duty  on  Invoice  Ko.  29.      " 

"    Freight       "        "    29.      " 

"   Bills  Payable "    Ko.  3 

•'   William  Rapp  &  Co "    their  Sight  Draft " 

"   Travelling  Account "     \  ^™'i^i'^?'  ^^^'^  I     ♦• 

(    to  Q.  M.  Metway,    ) 

••   Merchandise "    Duty  on  Invoice  Ko.  80. 

"    Freight       "        "    80.  '* 

"   Bills  Payable "    Ko.  4 " 

"  Merchandise •*    Dutyon  Invoice  Ko.  31.  " 

"    Freight       "        "    31.  " 

J.  C.  Swift To  meet  small  expenses  . .  " 

"   Int.  and  Prem  .   .              i  ^^^  ^^  ^  discount  on  Notes  Ko.  11  and  ) 
(      Ko.  12,  per  contra j" 

Forwarded 


(1 

199. 

351 

« 

200. 

98 

« 

201. 

(C 

202. 

17609 

(( 

203. 

192 

(1 

204. 

890 
28 


8073 


07 


56 


42  — 


435 
50 


91 


6654  53 
63 


Bills 
Pay. 


9241 


33a5 


54 


34478 


60 


67 


34 


9569 


01 


88 


2400  08 


24596 


51 


T. 


Cr. 


OQ 


300 


7304  00 
800  — 


1000 
300 


?48  84 


202  91 


300  — 

I 

76  09 


1053190 


f 


I! 


li 


f    i  ni 


\ 


82 


83 


V^:{ 


Dr. 


CASH. 


MARCH,  1877. 


CASH. 


Cr. 


MD8E. 


UL 


m. 


m. 


m. 


10 


11 


10 


4,2 


17 
19 
20 
23 
24 
26 
27 
30 


Brought  forward. 


To  Merchandise For  Sale  Ko.  39 Deposit  Vo.  SS. . 


Bills  Receivable "    Ho.  6. 


«<        « 


X  it 


u  M 


S4. 


"    8». 


'*  Speculation  Co. 


Sale  Vo.  46. 


44  44 


86. 


Bills  Receivable "    Vo.  10. 


Loans 


Return  of  Amount  to 


}  H.  £.  Belgrave. 

'*  Merchandise "    Sale  Vo.  61 


44  44     37 

"    39. 


1057105 


401 


Speculation  Go " 


«<  44 


66 


44 


44  41 


40. 


38 


Bills 
Rbc. 


40260 


7600 
11650 


40 


OQ 


51543 


11331 


964910 


To  Balance,  Old  Aceount 


20621 


53 


70848 


60 


12972 


1000 


10139 


31 


7566506 


74 


1987090 


L 

p 

m. 

10 

16 

m. 

10 

16 

n. 

7 

17 
17 
20 
20 
20 

n. 

7 

23 
24 
24 
24 
26 

L 

S 

26 

28 
28 

m. 

IS 

28 
29 
29 

n. 

7 

31 
31 

I. 

1 

31 

L 

1 

31 
81 

m. 

4,8 

Brought  forward. 


By  Speculation  Co For  our  half  share  of  Invoice  Ho.  32,  Check  Ho.  205 . 


•< 


.  '*   Duty  on  Invoice  Ho.  32. 


"  J.  C.  Swift To  meet  small  expenses. 


"   Bills  Payable For  Ho.  6. 


«  44 


M  44 


«<  44 


**  Merchandise "    Duty   on  Invoice  Ho.  88 


"    Freight 


"    88. 


"  Bills  Payable "    Ho.  6. 


J.  C.  Swift To  meet  small  expenses. 


"   Merchandise For  Duty  on  Invoice  Ho.  84. 


«« 


Freight 


«    84. 


"  Bills  Payable «    Ho.  7. 


€€  44 


Freight 


44 


86. 


Real  Estate "    Asa  Taylor's  Bill 


"  Merchandise "    Duty  on  Invoice  Ho.  86. 


Freight        "  «    86. 


**  J.  C.  Swift To  meet  small  expenses. 

"  Bills  Payable For  Ho.  9 


Oliver  Murray. ..."    Amount  drawn  for  his  use 


(t 


tt 


Victor  C.Dermont..  "        " 


« 


u  t*         *t 


Balaaoe,  Hew  Aooonnt. 


206. 


207 


208 


"    209. 


t<  44 


«  4( 


•<  (t 


«  (( 


tt  U 


<•  (4 


u  14 


210. 


211 


212, 


218 


214 


216. 


216. 


"  P.  Danzas  &  Lux. .  "  their  Sight  Draft «   "217. 

"  Merchandise •*  Duty  on  Invoice  Ho.  86 •*   "218. 


Mdse. 


34478 


2673 


120 


854 


120 


«     44 


»     (i 


i*  4( 


«     it 


819. 


220. 


34 


Bills 
Pat. 


OD 

H 

§ 

p 
aa 


2459651,  1053190 


8338  44 


05 


2979 


63 


69 


3180 


120 


221.  {   752 


222. 


"  228. 
"  224. 
"  226. 


70 


(•     44 


42368 


10 


81 


10841 


5058 


9206 


89 


6092077 


68 


19 


18797 

11977 

300 


39 


64 


300 


407 


82 


350 


79 


300 


600  — 

400  — 

1967090 


63834|92 

""~r 


84 


85 


Dr. 


MENOTTFS    SALES   ACCOUNT. 

L  m.,  r  9. 


Ct. 


1877. 

L 

F 

March  2.. 

m. 

"      2.. 

'•      2.. 

"      3.. 

18 

"      2.. 

"      3.. 

"      3.. 

"     15. . 

"    22.. 

"    22.. 

•    22.. 

19 

'•    22.. 

80 

*•    22.. 

I. 

5 

Received,  per  Steamer  Alexandria,  Capt.  McKay,  apon  conBignment 
account  of  Menotti  &  Fratella,  Invoice  Inward  No.  27,  160  cases 
Italian  Braids. 


To  Cash For  dnties,  Cash  Book,  F  7. 


(«  u 


••     Freight,  "        "      "  7. 


'*    Charges. 


<t         t* 


<«         << 


•<         << 


(•  u 


««  t4 


Cartage,  Labor,  and  Custom-house  Fees.  .198.50 


Sundry  Telegrams 16. — 


Postage  and  Circulars 13. — 


Cartage  and  Labor  on  Sale  No.  82 20. — 


<<         «• 


««  M 


41. 


61, 


80.- 


80. 


Storage  and  Repair  of  Cases 160. — 


Insurance 


viz..  Fire,  J^  J<  on  $22000.—. 


"    Commission "     8  Jl^  on  Sales. 


7304 


800 


06 


466 


55 

90623 


50 


**    Menotti  &  Fratella.    For  their  Net  Proceeds,  due  July  12th,  1877. 


Rendered  Account  Sales,  March  22,  1877. 


9531 
20676 


79 
01 


80 


1877. 
March  8. . 


10.. 


15. 


28. 


m. 


22. 


•*    80.. 


2 


Shipped  per  Adams  Express,  for  account  of  Reed 
&  Lockwood,  Milwaukee,  terms  cash,  40  cases. 
Invoice  Outward  No.  22. 


By  Cash Cash  Book,  F  7,  for  above  sale. 


Shipped  per  Adams  Express,  for  account  of  Reed  & 
Lock  wood,  Milwaukee,  @  2  mos.,  60  cases,  In 
voice  Outward  No.  41. 


7364 


90 


By  Bills  Receivable.    Ho.  40,  for  above   Sale. 


Shipped  per  Adams  Express,  for  account  of  Reed  & 
Lock  wood,  Milwaukee,  @  4  mos.,  60  cases.  Invoice 
Outward  No.  52 


By  Bills  Receivable.    Ko.  42,  for  above  Sale 


9216 


Remarks.— Consignments  and  Joint  Accounts  constructed  in  the  above  form,  in  which  every  item  is  assigned  to  its  proper  account,  are  perfect  Journals  in  themselves,  and  it  would  be  wasting  time  to  do  otherwise  than  post 
directly  from  them  to  the  Ledger.    The  Ledger  Folios  on  top  and  in  the  second  vertical  column  point  out  the  postinn. 

Close  after  the  entry  of  each  sale,  whose  amount  is  iiot  extended  at  the  time  of  first  record,  one  or  two  lilies  «e  left  empty,  to  be  filled  with  the  proper  account  and  the  amount  extended,  when  cash  or  notes  arrive  in  payment. 
Account  Sales  are  rendered  as  soon  as  the  last  sale  is  effected,  but,  if  not  sooner  necessary,  the  account  is  not  posted  111  the  end  of  the  month,  leaving  thus  a  margin  for  the  record  of  cash  or  notes,  if  they  come  in  till  then.  Should 
they  not  come  in,  and  it  is  intended  to  produce  at  the  end  of  the  month,  or  sooner,  the  Balance  Sheet,  then  the  proper  uuaes  of  the  purchaaers  are  placed  in,  with  amounts  extended,  as  debtors,  and  thus  posted. 


■  ■»■  I     r  I 


I 


II 


86 


8T 


Dr. 


SPECULATION   CO.  Wr  H   HARTINGTON   BROS. 


L  UL^ 


1877. 
March  16. 


m. 


(« 

16.. 

<< 

16.. 

« 

16.. 

«« 

17.. 

<( 

17.. 

M 

19.. 

"  19. . 

"  20.. 

•*  21.. 

«  27.. 

•«  80.. 

•*  30.. 

"  30.. 

»  30.. 

•  30.. 


in. 


18 


19 


20 


6 


14 


Received  from  Canton,  via  Shanghai,  per  bark  Lady  Elizabeth,  to  be  sold 
on  joint  account  of  ourselves  and  Hartington  Bros.,  each  one  half. 
Invoice  No.  32,  viz. : 

200  bales  W  @  240. 

48000  pes.  White  Canton  Braids. 
200  bales  M  @  240. 

48000  pes.  Mottled  Canton  Braids. 

Amount  of  Invoice,  with  additional  charges  in  gold $35890. — 


To  Cash For  our  half  Invoice,  Cash  Book,  F  8. 

♦•    Duties,  •*        ** 


M  M 


U 


**    Charges "    Cartage,  Labor,  and  Customhouse  Fees,  316. — 


M 


<k 


<( 


Labor  upon  storing  400  bales 15. — 

Sundry  Telegrams 24. — 

Cartage  and  Labor  upon  Sale  No.  45 50. — 


18797 
11977 


•  <  •«  «  «t  •«  M  <l 


<<  4»  «•  « 


« 


<•  •< 


M  »• 


«•  <«  M  ••  •< 


46 50.— 


48 25.— 


50 25. 


00. ...  50.^— 


Storage  and  Repidrs  of  bales 300. — 


"    Insurance "    viz..  Fire,  IjI  jT  on  $36000.—. 


Commission. 


2  ^  on  Sales. 


Hartington  Bros...  "    their  half  net  proceeds,  due  June  2d,  1877. 
Profit  and  Loss. ..."    our  half  net  gain 


Rendered  Account  Sales,  March  30. 


854 


90 


1055 


19393 


39 
64 


27 


20 


See  Remark  at  the  end  of  Menotti's  Sales  Account. 


:iJi^:,l,i^^i&Jk 


^^i^mmmt^i^ 


10. 


1877. 
March  19. 


27. 


"    19... 


• 


23. 


"    20... 


29. 


21.. 


•24. 


27.. 


80. 


m. 


8 


Shipped  per  American  Express,  for  account  of 
Hastings  &  Qriffin,  Chicago,  @,  2  mos.,  100 
bales  W,  Invoice  Outward  No.  45. 


By  Bills  Receivable.     Ho.  88,  for  above  Sale. 


Shipped  per  Adams  Express,  to  Wilson  &  Kelly, 
Baltimore,  terms  cash,  50  bales  W,  50  bales  M, 
Invoice  Outward  No.  46. 


By  Cash Cash  Book,  F  8,  for  above  Sale. 


Shipped  per  U.  S.  Express,  for  account  of  Union 
Straw  Works,  St.  Louis,  @  2  mos.,  50  bales  W, 
Invoice  Outward  No.  48. 


By  Bills  Receivable.    Ko.  41,  for  above  Sale. 


Shipped  per  New  Haven  Steamboat  Line,  for 
account  of  Baldwin  &  Pratt,  Milford,  Conn., 
@  4  mos.,  50  bales  M,  Invoice  Outward  No.  50. 


By  Bills  Receivable.    Ko.  86,  for  above  Sale. 


Shipped  per  Stonington  Line,  for  account  of 
A.  Alden  &  Co.,  Middleborough,  Mass.,  terms 
cash,  100  bales  M,  Invoice  Outward  No.  56. 


By  Cash Cash  Book,  F  8,  for  above  Sale. 


16296 


12972 


8064 


5292 


10139 


Cr. 


31    52763 


31 


5276331 


1 


88 


l«il 


it 


$ 


O 
O 

o 

"A 


QO 


O 


<5 


O 

i 


©  a 

©  *^ 
^   a 

i-O     CO 

"  o 

^  o 

03  o 

"*  d 

s 


0) 


© 


CO     O 

O     0) 

O 

a   a 

U     CD 

§  a 

o   >^ 

<^ 

•-  s 

O     CO 
©     O 


d 
o 


© 


00 

H  X 


PS 


oo 

«< 

a 

O 


s 


ss 


00 


n     s 


s 


g 


00 


o 


z     ^ 


M 2    I    §g 


b9 


09 


04 


S       S       S       8       i       g 

'^  MS  A  ?Ss  M^ :^- 


?f  ^  o^  «i'"  ^^  s^  i^-^g^^ 


S    SS    2S    2|    2S    ^S    S¥   St    2g 


pq 


s 


^ s     8     s     gs     «     « 


.4 


•s 


a 
« 

i 

a 


04 


■I 


I 


s 


■c 


S       6 


tt 


6 


00 

a 

M 

a 
I 


I 

O 

a 
« 


«9 
§ 


««  M 


08 


3      cS      5 


I 

•9 


o 
a 
« 


»-         « 


ol 
Ol 


I 


JOURNAL. 

The  Journal  in  this  system  of  Book-keeping  is  a  book  of  original  entry,  like  all 
otliers,  and  contains  the  record  of  such  entries  only  that  could  not  be  properly  made 
in  any  other  book.     Their  number  will  be  comparatively  small. 

ITew  York,  Monday,  March  5,  1877. 


m. 


m. 


2 


14 


m. 


2 


n. 


m. 


16 


m. 


5    m.    3 


MENOTTI  &  FRATELLA,  TO  BILLS  PAYABLE. 

Ho.  27.  For  their  draft  upon  us  @  4  mos.,  Feb.  11,  payable 
at  Paris,  drawn  against  invoice  of  their  consignment, 
Frcs.  30000  @20i^ 


n.     6 


1 

2 
8 

4 
6 


8. 

SUNDRIES,  TO  G.  GLENMORE  &  CO. 

For  compromise  ol  50  5^  of  their  account  effected  on  6th  inst. : 
Bills  Receivable.    No.  24.    For  their  note  @,  6  mos.,  7th 
inst.,  indorsed  by  the  cashier  of  the  Allegheny  Homestead 

Bank,  of  Pittsburg,  bearing  interest  at  7  ^ 

Profit  and  Loss.    For  Balance  of  their  account. . . . 

14. 

BILLS  RECEIVABLE,  TO  SUNDRIES. 

For  notes  as  follows,  viz. : 

Schuyler  &  Wood. .  Ko.  19,  @  3  mos.,  Feb.  22d,  for  amt.  of  sale  25 
Hastings  &  Griffin .  «  20,  @  2    *'        "    24th,      "  "     26 

De  Forest  Bros  ..."  28,  @  2    "        "    26th,      "  •«     27 

Dwyer&  Goodwin.  "  26, @ 3    "        "    27th,      "  "28 


6150 


102580 
102580 


1564 

1440 

10200 

9535 


205160 


G.  Ellsworth  &  Co.  "  27,  @ 3  *'   "  28th,   "     «  29  2910 


90 


17. 


NATIONAL  PARK  BANK  TO  U.  S.  BONDS. 

For  110.000  U.  S.  Bonds,  5-20s,  1868  coupon,  at  113,  deposited 
as  security  for  overdrafts 


25649 


90 


11300  — 


90 


6. 


91 


New  York,  Saturday^  March  17,  1877. 


LEDGERS. 


'  I 


'f 


f.'    < 


L 

F 

L 

p 

r 

m. 

2 

in. 

3 

BILLS  RECEIVABLE,  TO  BILLS  PAYABLE. 

For  Oswald  Garland's  note  Ho.  30,  @  2  moB.,this  inet.,  our 
favor,  in  exchange  for  a  like  note  of  ours,  Ko.  32,  for 

28. 

1200 

— 

III. 

6 

ni. 

15 

U.  S.  BONDS,  TO  NATIONAL  PARK  BANK. 

For  our  $10000  U.  S.  Bonds  5.20s,  1868  coapon,  withdrawn 
from  deposit,  valued  (^  113 

11800 

27. 

m. 

13 

REAL  ESTATE,  TO  SUNDRIES. 

For  Payments  upon  House  and  Lot  in  Spring  Street,  bought 
without  incumbrance,  for  $50500,  viz. : 

m 

K 

U.  S.  Bonds  for  $30000,  5-20s,  1868  coujion,  @  113 

88900 

^^ 

16 

Mortgage  Payable  for  balance  of  Purchase,  leas  $500  for 

rent  paid  in  advance,  at  5  5^  interest,  from  April  1st,  pay- 

m. 

7 

able  semi-annually 

16100 
500 

— 

50500 

Rent  for  2  months,  paid  in  advance 

81. 

m. 

2 

m. 

2 

BILLS  RECEIVABLE,  TO  SUNDRIES. 

Ko.  43.    For  D.  Wilkinson  &  Co.'s  acceptance  of  Halpin  & 
Macy's  draft,  our  favor,  drawn  payable  at  the  Merchants' 
Bank,  this  city,  @  80  days,  30th  inst. : 

Bills  Receivable.     For  Note  of  Halpin  &  Macy,  Ho.  18,  due 
80th  inst. .  compromised  and  renewed 

4723 

20 

ui. 

8 

Interest  and  Premium.    For  7  %  interest  up  to  maturity. . . 

30 

31 

4758 

51 

1 

\ 


In  accordance  with  instructions,  and  for  reasons  given  on  pages  17  and  44, 
three  Ledgers  are  kept :  Ledger  L  for  the  Creditors,  Ledger  IL  for  the  Debtors, 
and  Ledger  IIL  for  Property  and  Profit  and  Loss  Accounts. 

The  Ledgers  have  no  other  function  than  to  gather  under  the  head  of  the 
respective  accounts  the  compiled  results  of  other  books,  and  to  furnish  the  differ- 
ences of  these  accounts  to  the  Balance  Sheet,  on  whose  face  the  adjustment  of  the 
final  statement  takes  place. 

While  Balance  Sheets  are  made  out  as  often  as  desired,  the  Ledgers,  having 
nothing  to  do  with  these  proceedings,  remain  open,  and  when,  at  the  close  of  the 
year  or  at  the  opening  of  a  new  Set  of  Books,  balances  are  to  be  brought  forward, 
this  mere  mechanical  work  can  be  performed  by  any  clerk,  and  is  easily  controlled. 
(See  remark,  page  45.) 

In  actual  business,  each  Ledger  has  its  own  index.  In  this  Set  with  only  one 
month's  business,  one  index  is  sufiicient  for  all. 


INDEX 

TO    LEDGER    I.,  II.,  III. 

Every  account  should  be  indexed  before  opening  its  heading  on  the  Ledger. 


B 

Bills  Receivable L  III.  Fol.  2 

Bills  Payable .  .L  III.  Fol.  3 

C 

Cash L  III.  Fol.  1 

Charges L  III.  Fol.  18 

Commission  L  III.  Fol.  20 


Dermont,  Victor LI. 

Danzas,  P.,  &  Lux LI. 

De  Forest  Bros L  II. 

Dwyer  &  Goodwin L  II. 

E 

Ellsworth,  G.,  &  Co L  IL 

Expense L  IIL 


H 

Hartington  Bros LI.  Fol.    6 

Hastings  &  Griffin L  IL  Fol.    2 

I 

Interest  and  Premiums L  IIL  Fol.     8 

Insurance L  IIL  Fol.  19 


Loans l  IIL    Fol.  11 


Fol. 

2 

Fol. 

3 

Fol. 

3 

Fol. 

4 

Fol. 

5 

Fol. 

17 

M 

Murray,  Oliver L  L  Fol.     1 

Meuotti  &  Fratella L  I.  FoL    5 

Merchandise L  IIL  Fol.     4 

Menotti's  Sales  Account L  III.  Fol.     9 

Mortgage  Pay L  IIL  FoL  16 

X 

National  Park  Bank L  III.  Fol.  15 

O 

Office L  IIL  FoL    • 


Parson,  Wm.,  &  Bros L  IL  FoL    8 

Profit  and  Loss L  IIL  Fol.  14 

Rapp,  Wm.,  &  Co LL  FoL    4 

Rent L  IIL  FoL     7 

Real  Estate L  IIL  FoL  13 

Schuyler  &  Wood L  11.  FoL     1 

Swift,  J.  C L  IL  FoL    7 

Speculation  Co L  III.  Fol.  10 

T 

Travelling  Account L  III.  FoL  12 

U 

U.  S.  Bonds L  IIL  FoL    5 


('1 


92 


FoUo  1. 


Dr. 


LEDGER    I. 


Olivkr  Murray. 


Or. 


1877. 
March  31 


To  Cash. 


C  B 


600 


1877. 
March  1 . . 


Bj  Balance. 


88866.80 


88966 


20 


Dr. 


Victor  C.  Dermont. 


Folio  2 
Cr. 


1877. 
March  1, 


By  Balance. 


68910.80 


Dr. 


P.  Danzas  &  Lux,  Havre. 


Folio  8. 
Cr. 


1877. 
March  26. 


To  Cash i   C  B 


40779 


1877. 
March  1 . .    By  Balance 

"    31..     "    Merchandise....    PB 

1104.66 


867 


77 


114467 


Dr. 


Wm.  Rapp  &  Co.,  Hamburg. 


Folio  4. 
Or. 


1877. 
March  12. 


To  Cash. 


C  B         248  84 


1877. 
March  1..    By  Balance 

"    Merchandise. ..  . 

81.87 


P  B 


189 
90 


72 
49 


Dr. 


G.  Menotti  &  Fratella,  Florence. 


FoUo  6. 
Cr. 


1877. 
March  5. 


To  Bills  Payable. 


J  6 


6150 


1877. 
March  22.  j  By Menotti's  Sales  Ace. 

14686.01 


8  A 


20676 


01 


Dr. 


Hartington  Brothers. 


FoUo  6. 
Cr. 


1877. 
March  27. 


By  Speculation  Co. . . 
19898.80 


19398 


20 


Dr. 


93 

LEDGER  II. 

Schuyler  &  Wood,  Hillstown,  Conn. 


FoUo  1. 
Cr. 


1877.      I 
March  1..    To  Balance 


81. 


"   Merchandise 

I860.— 


1564  90 


8  B        1250 


1877. 
March  14.    By  Bills  Receivable. . !    J  5        1564*90 


Dr. 


Hastings  &  Griffin,  Chicago,  111. 


1877. 
March  1.. 


To  Balance 


1440 


1877. 
March  14. 


By  Bills  Receivable. . 


J  6 


Dr. 


De  Forest  Bros.,  New  Orleans,  La. 


1877. 
March  1 . . 

«     24.. 


To  Balance 

"   Merchandise 

14888.- 


8  B 


10200  — 
14288  — 


1877. 
March  14. 


By  Bills  Receivable. 


J  5 


Dr. 


DwYER  &  Goodwin,  Westborough,  Mass. 


1877. 
March  1.. 

«     30.. 


To  Balance 

"  Merchandise.   ... 
6967.80 


8  B 


9535 
6967 


80 


1877.- 
March  14. 


By  Bills  Receivable.. 


J  6 


Dr. 


G.  Ellsworth  &  Co.,  South  Norwalk,  Conn. 


1877. 
March  1 . . 


To  Balance. 


2910 


1877. 
March  14. 


By  Bills  Receivable. . 


J  6 


Dr. 


G.  Glenmore  &  Co.,  Pittsburg,  Pa. 


1877. 
March  1. 


To  Balance 


2051 


60 


1877. 
March  8. 


By  Sundries. 


J  6 


Dr. 


J.  C.  Swift. 


1877. 
March  1. 


<< 


81.. 


To  Balance 
"  Cash... 


184.66 


1877. 

85 

— 

March  31. 

C  B 

1800 

— 

By  Sundries. 


E  B 


Dr. 


1877. 
March  27. 


Wm.  Parson  &  Bros.,  Philadelphia,  Pa. 


To  Merchandise 

8880.— 


8  B 


3880 


FoUo  8. 

Cr. 


1440  — 


FUio  8. 
Cr. 


loaoo  — 


Folio  4. 
Cr. 


9535 


Folio  6. 
Cr. 


2910 


Folio  6. 
Cr. 


2051 


60 


Folio  7. 
Cr. 


1750  45 


Folio  8. 
Cr. 


^^af^.'.'-'i^. 


94 


LEDGER  III. 


Dr. 


Cash. 


FoUo  1. 
Cr. 


1877. 


March  1 . . 
"  31.. 
"  31.. 
"     31.. 


To  Balance 

**    Merchandise 

"    Bills  Receivable. 

"    Sundries 

19870.20 


CB 

« 


4417884 
2062153 
708481— 
3147621 


1877. 

March  31 
"  31 
"      31. 


By  Merchandise.. 
"  Bills  Payable. 
"   Sundries 


CB 


i 


42368 
60020 
48964 


89 
77 
72 


Dr. 


Bills  Receivable. 


Folios. 
Cr. 


1877. 

March  1. 

••  8. 

"  14. 

"  17. 

"  31. 

"  31. 

"  31. 

"  31. 


To  Balance 

"  (i.  Glenmore&Co. 

"  Sundries 

"  Bills  Payable 

"  Sundries 

**  Merchandise 

"  Menotti's  Sales  Ace 

•*  Speculation  Co  . , . 

814266.94 


J6 
J6 
J6 
J6 
SB 
■  8 
SCO 


120192 

1025 

25649 

1200 

4753 

84521 

22842 

29652 


70 
80 
90 

51 

33 
90 


1877. 

March  31 
"     31. 


By  Cash 

"  Bills  Receivable. 


CB 
J6 


70848 
4723 


20 


Dr. 


Bills  Payable. 


FoUo  8. 
Cr. 


1877. 

March  31.. 
"     31.. 

To  Cash 

"  Merchandise 

C  B 
FA 

60920 
564 

77 
36 

1877. 

March  1 . . 
"       5.. 
••     17.. 
"     31.. 

By  Balance 

"  G.  Menotti  &  Fratella 
"  Bills  Receivable.... 

"  Merchandise 

880811.46 


J6 
PB 


152670 
6150 
1200 

121675 


92 


66 


Dr. 


Merchandise. 


FoUo  4. 

Cr. 


1877. 

March  1. 
"  31. 
"  31. 
••  31. 
"     31. 


To  Balance 

*  *  C!ash 

"   Bills  Piyibie.".*."! 

"    Sundries 

"  J.  C.  Swift 

107768.04 


CB 
PB 
PB 
£B 


74216  — 

42368  89 

121675  66 

123516 

359  35 


1877. 

March  31. 

"      81. 

•       31. 

"      81. 


By  Cash 

'*  Bills  Receivable. 

"  Sundries 

'*  Bills  Payable. . . 


CB 
SB 
SB 
FA 


20621 

84521 

2638.5 

564 


53 

80 
36 


Dr. 


IT.  S.  Bonds. 


FoUo  6. 

Cr. 


1877. 

March  1. 
"     23. 


To  Balance , 

"  Nat.  Park  Bank. 
160.- 


J6 


84050 
11300  — 


1877. 

March  17. 
"       27. 


By  Nat.  Park  Bank. 
"    Real  Estate 


J6 
J6 


11300 
33900 


Dr. 


95 


Office. 


FoUo  6. 
Cr. 


1877. 

March  1. 
••    81. 


To  Balance . . . 
"    J.  C.  Swift. 


960. 


E  B 


600 
350 


1877. 


Dr. 


Kent. 


FoUo  7. 

Cr. 


1877. 
March  1. 


To  Balance. 


500 


1877. 
March  27.'  By  Real  Estate. 


J6 


500 


FoUo  8. 


Dr. 

Interest 

AND   PrEMII 

LJM. 

Cr. 

1877. 
March  16. 

To  Cash 

C  B 

76 

09 

1877. 

March  1 . . 
"     31.. 

By  Balance 

"    Bills  Receivable. . 

J  6 

1 

1 

18  63 

87.15 

3031 

Dr. 


Menoiti's  Sales  Aa^ouNT. 


FoUo  9. 
Cr. 


1877. 

March  2. 

•  2. 

•  22. 
22. 
22. 
22. 


ToCash C  B 

*'      " ;  C  B 

••  Charges |  M  8 

'•  Insurance i  K  8 

*•  Commission j  X  8 

•'  G.Meuotti&  Fratella:  K  8 


1 

1877. 

7304 

06 

March  10. 

800 

-— 

"      28. 

466 

50 

"      30. 

55 

— 

906 

>3 

20676 

01 

• 

By  Cash 

'*    Bills  Receivable. 


C  B  736490 
X  8  1  9216  — 
M  S     13626  90 


Dr. 


Speculation  Company  wfih  Habtington  Bros. 


Fdio  10. 
Cr. 


1877. 

March 

16. 

16. 

27. 

27. 

27. 

27. 

t( 

27. 

To  Cash. 


CB 
CB 

Charges 8  Co. 

Insurance 8  Co. 

Commission 8  Co. 

Hartington  Bros..  I  8  Co. 
Profit  and  Loss. . .    8  Co. 


18797 

11977 

854 

90 

1055 

19393 

595 


39 
64 


27 
20 

81 


1877. 

March 

23. 

ii 

30. 

i< 

24. 

it 

27. 

ti 

29. 

By  Cash 

Bills  Receivable. 


<  < 


C  B 
£B 
8  Co. 
8  Co. 
8  Co. 


12972  — 
10139|31 

5292  — 
16296  — 

8064- 


Dr. 

Loans. 

FoUo  11. 
Cr. 

1877. 
March  5. . 

To  Cash '. 

CB 

1000 

— 

1877. 
March  26. 

By  Cash 

C  B 

1000 

Dr. 

Travelling  Account. 

FoUo  18. 
Cr. 

1877. 
March  12. 

To  Cash 

C  B 

202 

91 

1877. 

808.91 

Dr. 

Real  Estate. 

• 

FoUo  IS. 

Cr. 

1877. 
March  27. 

To  Sundries 

J  6 
C  B 

50500 
350 

— 

1877. 

•'      28. 

"   Cash 

60850.— 

9G 


Dr. 

PrOI'IT  and   JjOSi 

J. 

FoUo  14. 
C]-. 

1877. 
March  8. 

.    To  G.  Glenmore  &  Co.     J  6 
429.99 

1877. 
102580  March  27 

.    By  Speculation  Co.. 

.    SCO. 

595  81 

Dr. 

"                                ' . ^j [ r 

FoUo  15. 
National  Park  Bank.                                              q,. 

1877. 
March  17 

•    ToU.S.  Bonds 

.     J5 

11300- 

1877. 
-  March  23 

.    ByU.S.  Bonds 

.     J6 

11300  — 

Dr. 

« 

Mortgage  Payable. 

FoUo  16. 

Cr. 

1877. 

1877. 
March  27. 

By  Real  Estate 

16100.— 

J6 

1610( 

1  — 

Dr. 

Expense. 

1 
FoUo  17. 

Cr. 

1877. 
March  31. 

To  J.  C.  Swift 

180.60 

EB 

180  6( 

1877. 
) 

Dr. 

FoUolS. 

Charges.                                                        q^^ 

1877. 
March  31. 

To  J.  C.Swift 

EB 

860  oC 

1877. 
)  March  22. 

•*      27. 

By  Menotti'8  Sales  Ace. 

"  Speculation  Co 

460.— 

1 
8  Co. 

466 

854 

50 

Dr. 

FoUo  19. 

Insurance.                                                     q^^ 

1877. 

1877. 
March  22. 

"      27. 

ByMenotti's  Sales  Ace. 

*'  Speculation  Co 

146.— 

KS 

8  Co. 

55 
90 

- 

Dr. 

FblioSO. 
Commission.                                                      q^ 

1877. 

! 

■ 

1877. 
March  22.  1 

•*      27. 

By  Menotti'8  SalesAcc. 

"  Speculation  Co 

1961.50 

M8 

8  Co. 

906S 
1055  S 

13 

17 

97 


TRIAL   BALANCE. 


Oliver  Murray 

Victor  C.  Dermont 

P.  Danzas  &  Lux 

Wm.  Rapp  &  Co  31 

G.  Menotti  &  Fratella 14526 

Hartington  Bros 19393 


$1104  65 
37 
01 
20 


Sundry  Creditors. 


Schuyler  &  Wood $1250  — 

De  Forest  Bros 14288 

Dwyer  &  Goodwin 6967  80 

J.  C.  Swift 13455 

Wm.  Parson  &  Bros 3880 


Sundry  Debtors 26520 


Cbuih 

Bills  Receivable 

Bills  Payable 

Mortgage  Payable 

Merchandise 

U.  S.  Bonds 

Real  Estete 

Office 

Inerest  and  Premium. 
Travelling  Account. . . 

Profit  and  Lobs 

Expense 

Charges 

Insurance 

Commiasion 


20 
5891080 


35055 


33 


35 


19870  20 


214266 


107762 

150 

50850 

950 

27 


94 


04 


15 


22021145 
16100'— 


202  91 


429 
180 


421210 


99 
60 


18 


460 

145  — 


196150 


42121o!l8 


' 


98 


99 


CTJRREIN^T     sbrOCK:     BOOK. 


a 

o 
525 

< 
m 

% 
o 

• 

o 

Milan 

t*nh\. 

Monntain 

B. 

und 

Blaekand 

Ch 

tm. 

Bordurei. 

Manila. 

PedaL 

Leghorn 

I 

1 

•ntm^t- 

Lvftra. 

Hai 

l«M»lk 

Gents'  Hate. 

7  End 

11  End 

7  End 

11  End 

1 

Bla^aad 

Extra. 

IfOOVug. 

Baady. 

White. 

vlUy. 

Hate. 

t 

JfeOUQUt 

Bound. 

Zi^ag. 

@57. 

@66. 

@43. 

@45. 

Whita. 

DATE. 

ITALIAN    BBAinS. 

GERMAN   BRAIDS. 

SWISS    BRAinS. 

Englisli 

I^IBOES. 

DOZENS. 

DOZENS. 

PIECE& 

I>r. 

Cr. 

Dr. 

Cr. 

Dr. 

Cr. 

Dr. 

Cr. 

Dr. 

Cr. 

Dr. 

Cr. 

Dr. 

Cr. 

Dr. 

Cr. 

Dr. 

Cr. 

Dr. 

Cr. 

Dr. 

Cr. 

Dr. 

Cr. 

Dr. 

Cr. 

Dr. 

Cr. 

Dr. 

1 
Cr.    Dr. 

Cr. 

Dr. 

Cr. 

Dr. 

Cr. 

Dr. 

Cr. 

1 
Dr.     Cr. 

Dr. 

Gr, 

Feb'ry  28. 

on  I 

Land 

488 

800 

1170 

1 
i 

1600 

2400 

2400 

900 

2400 

410 

800 

1 

1900 

4160 

4500 

2600 

2600 

1 
3300 

16200 

1 
12600 

5500 

11100 

14900 

1 

March     1 . 

25 

5800 

6800 

5600 

5400 

1 

2. 

26 

iiO 

2000 

4200 

3. 

31 

400 

2400 

900 

. 

■ 

5. 

28 

33 

1 

3900 

1920 

4500^ 

8. 

29 

34 

4500 

1640 

410 

400 

9. 
«       10. 

35 
36 

• 

16200 

4200 

"       13. 

30 

37 

488 

1200 

900 

640 

300 

400 

400 

450 

•*       14. 

31 

38 

1440 

3400 

9600 

4800 

13600 

"       15. 

39 
40 

600 

2100 

1400 

-       16. 

42 

400 

1170 

1600 

900 

t 

"       17. 
"       19. 
*•       20. 

sale 

40 

ri't'd 

33 

43 
44 

47 

480 

400 

600 

2400 

900 

1200 
1200 

1 

800 

1 

900 

17400 

20400 

16800 

16200 

••       21. 

49 

\ 

1 

4000 

^9^7  • 

51 

410 

400 

"       24. 

34 

53 

800 

9000 

"       26. 

54 

11100 

5500 

"       27. 

55 

800 

1200 

*•       28. 

35 

2340 

2400 

2400 

"       29. 

36 

57 

1 

1000 

1200 

i 

t 

2500 

"       30 

58 

1928 
960 

968 

3200 
2000 

1200 

3510 

780 
1950 

4000 
2000 

400 

• 

2000 

5400 

2700 

4800 

5400 
2700 

2700 

7200 

8600 

2800 
1200 

1600 

t 

■i 

-Vo 

) 

1 

t 

3900 

4800 

1 

1920 

4800 
3700 

2100 

1 
3000 

1600 

1400 

4000 
2400 

1600 

4950 

2100 

1 

Total 

1 
1 

I 

3300 

1 

12000 

2050 
1230 

820 

3940016200 

39800 

12600 

27900 

11100 

32700 

-| 

1 

5500; 

28400 

14900 

March  31,  c 

>n  ba 

ind. . 

1560 

2100 

1 

7200 

8600 

i 

2880' 

1 

2850 

28200 

27200 

16800 

27200 

13500 

100 


lUl 


ACCOUNT  OF  STOCK. 

The  Account  of  Stock,  or  commonly  called  the  Inventory,  ig  taken,  whenever 
needed,  from  the  balances  of  the  Current  Stock  Book,  in  the  manner  described  on 
page  44.  In  order  to  have  a  real  state  of  business,  and  not  one  based  upon  anticipa- 
tion, which  ought  to  be  entirely  excluded  from  Book-keeping,  the  goods  remaining 
unsold  are  to  be  valued  at  actual  cost  price,  which  is  to  be  made  out  for  each  article 
at  the  time  of  the  arrival  of  the  Invoices,  to  be  recorded  in  some  tabular  form,  and 
there  held  ready  for  any  emergency. 


G00D8  REMAINING  UNSOLD,  March  31,  1877,  Valued  at  Actual  Cost  Price. 


4  cases 

6  •' 

4  " 

5  •• 

7  " 
9  " 
3  " 

6  " 
3  " 
3  " 


960  pes.  Milan  Extra,  42/45. 

2000     •     Coburg,  50/54. 

Mountain,  60/64. 

R.  and  Ready,  16/17. 


1560 
2000 
2100 
7200 
2700 
8600 


8 

9 

9 

8 
24 
19 
4 
4 
8 
5 

ao 


Black  and  White,  48/50 @ 

Chip,  80/40 @ 

Bordures,  40/45 @ 

Manila,  60/54 @ 

1280  doz.  Pedal @ 

1200     "     leghorn  Hats @ 

7    3500  pes.  German  White,  No.  280 ^ 


•i: 


« 


1      400  " 

1600  •• 

1280  *' 

2700  " 

1600  " 

2400  doz. 

2850  " 


Black, 


iUBtre, 


279. 
270. 
272. 
402. 


Rough @ 

Gentd'  HatB,  Round @ 

"      Zigzag @ 


<« 


23200  pes.     7  end  Simples. 
27200    "      11     "  «       . 

16800    ♦'       7     "  "      . 

27200    "     11     " 


«< 


.% 

,% 

% 


13600     "      English  Black  and  White ^ 

House  and  Lot  in  Spring  Street,  at  cost  price 


$4.18 
6.12 
2.12 
1.78 
1.41 
2.66 
8.76 
5.01 
6.57 
15.83 
.12 
.11 
.18 
.14 
.11 
.  6 
1.68 
1.48 
.16 
.18 
.12 
.18 
.48 


4012 
12240 
8807 
3560 
2961 
18432 
10162 
18036 
6851 
18996 
420 
44 
206 
179 
297 
96 
8672 
4075 
8712 
4896 
2016 
8636 
6480 


80 


20 


10 


20 


60 


128179 


80 


60860  — 


The  next  in  order  is  to  perfect  the  memorandum  of  Resources  and  Liabilities,  lying  outside  of  the 
licdger  and  the  Inventory.  In  this  Set  there  is  but  the  Interest  to  be  made  out,  pending  on  G.  Olen- 
mqre  &  Co.'s  note  since  7th  instant,  and  in  the  accounts  current  with  P.  Danzas  &  Lux  and  William 
Rapp  &  Co. 


P.  Danzas  &  Lux  in  Account  Current  and  Interest   Account   at  7  ^  to  March 

.  31,  1877,  with  Murray  &  Dermont. 


1876. 

Frcs. 

\ 

1876. 

Frcs. 

i 

Dec.  27. 

To  their  Sight  Draft 

2000 

—   3 

4 

3656 

Nov.    5. 

By 

Forw'g 

Inv. 

No.  1,   360  — 

426 

1023 

1877. 

"     13. 

(( 

« 

4< 

"    3,   703!— 

418 

1886 

Jan.  28. 

t(      •<          t<         << 

2000 

-   2 

3 

24 

50 

•'     15. 

i< 

4. 

{< 

"    4, 

296 

... 

416 

7|80 

Feb.  24. 

It      <t          t>         i( 

2000 

1 

7 

14 

39 

"     20. 

«( 

4i 

u 

"    5, 

450 

^^^ 

411 

ll!46 

Mar.  26. 

(i      t<          i<         t< 

2000 

5 

1 

94 

"     28. 

« 

1. 

« 

*'    7, 

485 

_^ 

4   8 

11 

60 

"  Credit  Bal.  of  Int. 

99 

74 

Dec.     5. 

« 

« 

<( 

"    9, 

566 

^_ 

826 

12 

54 

"     11. 

(t 

«4 

4t 

*'  10, 

304 

—^ 

3 

20 

6 

50 

/ 

"     14. 

« 

.-»< 

4t 

"  11. 

824 

— 

3 

17 

1714 

/ 

"     25. 

« 

<t 

«t 

"  14, 

298 

-^ 

3 

6 

556 

1 

1877. 

1 

Jan.     2. 

« 

(> 

t( 

"  15, 

538 

2 

29 

9  31 

1 

"      20. 

<t 

<< 

<t 

"  18, 

446 

— 

2 

11 

616 

1 

"      24. 

u 

<b 

u 

"  19, 

246 

— 

2 

7 

320 

1 

"      31. 

« 

.« 

« 

"  20. 

1256 

— 

2 

—m. 

14  65 

1 

Feb.  12. 

t« 

t< 

t< 

"  23, 

764 

— 

19 

728 

1 

"      14. 

(( 

.* 

« 

"  24, 

269 

— — 

17 

246 

1 

"      17. 

t< 

<< 

1< 

"  25, 

170 

77 

14 

146 

1 

"      18. 

K 

i( 

44 

"  26, 

951 

38 

13 

795 

1 

"      25. 

U 

<< 

« 

"  29, 

865 

14 

6 

606 

1 

Mch.   3. 

t( 

M 

ti 

"  31, 

2361 

33 

28 

1286 

J 

"     10. 

>< 

»« 

<t 

"  33, 

508 

44 

21 

208 

i 

"     17. 

« 

44 

** 

"  35, 

726 

74 

14 

198 



— 

— 

r- 

177 

13 

177!l3 

Wm.  Kapp  &  Co.,  in  Account  Current  and   Interest  Account, 

with  Murray  &  Dermont. 


1877. 
Jan.  20. 
Mch.  12. 


inlark 
To  their  Sight  Draft, 


« 


Credit  Bal.  of  Int. 


1000 
1000 


11 

19 


18 

3 

28 


81 
69 


4050 


1876. 
Nov.    8. 

"     27. 
Dec.  18. 

1877. 
Jan.     8. 
Feb.     7. 

"     28. 
Mch.  14. 


Mark. 
By  Forw'g  Inv.  No.  2, 


M 
<l 
t< 
<« 


« 
tt 

tt 

it 


"  16, 
"  21, 
"  30, 
"  36, 


470 
705 

145 

255 
169 
15030 


204 


55 


28 

4 

18 

28 

24 

8 

17 


13   7 

17|- 

290 

413 

177 

96 

4050 


BOOK-KEEPER'S  MEMORANDUM. 

Outside  Resources. 

Office  Farniture  and  Gas  Fixtures 

Interest  on  Q.  Glenmore  &  Co.'s  Note,  7  %  upon  1025.80  for  24* days . *. *.  ....!'.'.!.*!" '. '.'.'.'.',','..'/, 

Outside  Liabilities. 

Credit  Balance  of  Interest  in  R  Danzaa  &  Lux's  Account  Current,  Frcs.  99.74  @  20^. . .    20  45 
Wm.  Rapp  &  Co.'s        "  "         Mark  23.- @  25>| 5:87, 

All  preparatory  work  being  done,  the  Double  Statement  is  executed  on  the  Balance  Sheet 
on  the  next  page.  ' 


6001— 

479 


26  32 


as  seen 


100 

Accouisrr  of  stock. 

The  Account  of  Stock,  or  commonly  called  the  Inventory,  is  taken,  whenever 
needed,  from  the  balances  of  the  Current  Stock  Book,  in  the  manner  described  on 
page  44.  In  order  to  have  a  real  state  of  business,  and  not  one  based  upon  anticipa- 
tion, which  ought  to  be  entirely  excluded  from  Book-keeping,  tlie  goods  remaining 
unsold  are  to  be  valued  at  actual  cost  price,  which  is  to  be  made  out  for  each  article 
at  the  time  of  the  arrival  of  the  Invoices,  to  be  recorded  in  some  tabular  form,  and 
there  held  ready  for  any  emergency. 


Goods  hemainino  Unsold,  March  31,  1877,  Valued  at  Actual  Cost  Price. 


4  cae«8 

5  - 

4  ** 

5  •• 

7  " 
•  - 

8  - 

6  •* 
8  - 
8     « 


960  pes.  Milan  Extra, 
2000     •     Coburg, 

Mountain, 

K.  and  Ready, 


1560  ' 

2000  •' 

2100  *' 

7300  •♦ 

2700  " 

3600  " 


42/45 @  $4.18 

60/54 ^  6.12 

60/64 @  2.12 

16/17 <^  1.78 


8 


•i: 


Black  and  White,  48/50 @  1.41 

Chip,                         30/40 %  2.66 

Bordures,                 40/45 ®  3.76 

Manila,                     60/54 (^  6.01 

1230  doz.  Pedal @  5.67 

1200    "     Leghorn  Hats (^15.83 

3500  pes.  German  White,  No.  280 <^  .12 


9 

8 

24 

19 

4 
4 
3 
S 
30 


i< 


400  " 

1600  •• 

1280  •• 

2700  " 
1600     ' 

2400  doz. 

2850  " 


Black, 


•4 


279. 
270. 
272. 
402. 


@ 

® 

^ustre,     "     402 % 

Rough ^ 

Gents'  Hats,  Round @     1.68 

*  •*      Zigzag (^    1.48 


.11 
.13 
.14 
.11 
.  6 


23200  pes.     7  end  Simples @ 

27200    "     11     **  **       ® 

16800    "       7    "  "       ® 

27200    "     11     "  "        ® 

13500    "     English  Black  and  White ^ 

House  and  Lot  in  Spring  Street,  at  cost  price 


.16 
.18 
.12 
.18 
.48 


4012 
12240 
8807 
8560 
2961 
18482 
10152 
18036 
6851 
18996 
420 
44 
208 
179 
297 
96 
8672 
4076 
8712 
4896 
2016 
3536 
6480 


80 


20 


10 


20 


60 


128179  80 
60860  — 


The  next  in  order  is  to  perfect  the  memorandum  of  Resources  and  Liabilities,  lying  outside  of  the 
i^ger  and  the  Inventory.  In  this  Set  there  is  but  the  Interest  to  be  made  out,  pending  on  G.  Glen- 
more  &  Co.'s  note  since  7th  instant,  and  in  the  accounts  current  with  P.  Danzas  k  Lux  and  William 
Rapp  &  Co. 


V 


•' 


101 


P.  Danssas  &  Lux  in  Account  Current  and  Interest   Account   at  7  j^  to  March 

.  31,  1877,  with  Murray  &  Dermont. 


1876. 

Frcs.              ! 

1876. 

Frcs. 

\ 

Dec.  27. 

To  their  Siglit  Draft 

2000|       3 

4 

36 

56 

Nov.    5. 

By 

Forw'g 

Inv, 

No.  1,1  360'— 

4  26    1023 

1877. 

"     13. 

" 

<( 

<( 

"    3,   703!— 

4|18   1886 

Jan.  28. 

U               •(                       «                    « 

2000 

—   2 

3 

24 

50 

"     15. 

M 

»« 

<< 

"    4, 

295 

— . 

416 

780 

Feb.  24. 

tt              X                       «i                   (< 

2000 

— 

1 

7 

14 

39 

"     20. 

tt 

«< 

tt 

"    5, 

450 

4 

11 

1146 

Mar.  26. 

(>          i(               «             •< 

2000 

— 

5 

1 

94 

"     28. 

« 

i. 

if 

"    7, 

486 



4 

3 

ll'60 

"  Credit  Bal.  of  Int. 

99 

74 

Dec.     5. 

« 

« 

ft 

"    9, 

556 

— 

3;26 

12 

54 

"     11. 

<i 

«4 

.< 

"  10, 

804 

-^ 

320 

6 

50 

/ 

"     14. 

<i 

.-»< 

•( 

"  11. 

824 

3 

17 

17 

14 

/ 

"     25. 

tt 

<t 

t( 

«  14, 

298 

— 

3 

6 

556 

1 

1877. 

1 

Jan.     2. 

« 

« 

tt 

"  15, 

538 

— 

2 

29 

9  31 

1 

"      20. 

tt 

l< 

tt 

"  18, 

446 

— 

2 

11 

6116 

1 

"     24. 

tt 

<> 

u 

"  19, 

246 

— 

2 

7 

320 

1 

"      31. 

tt 

>i 

tt 

"  20, 

1256 

2 

— 

1465 

1 

Feb.  12. 

it 

t( 

it 

"  23, 

764 

.^ 

19 

728 

1 

"      14. 

(t 

»• 

« 

"  24, 

269 

— . 

17 

246 

1 

''     17. 

If 

« 

t< 

"  25, 

170 

77 

1 

14 

146 

1 

"      18. 

« 

>( 

it 

"  26, 

951 

38 

13 

795 

1 

"     25. 

tt 

U 

tt 

"  29, 

865 

14 

6 

606 

1 

Mch.   3. 

C< 

M 

tt 

"  31, 

2361 

33 

28 

1286 

♦*     10. 

" 

•• 

<( 

"  33, 

508 

44 

21 

206 

1 

"     17. 

tt 

« 

•( 

"  35, 

726 

74 

14 

198 

177 

13 

17713 

Wm.  Rapp  &  Co.,  in  Account  Current  and   Interest  Account, 

with  Murray  &  Dermont. 


1877. 
Jan.  20. 
Mch.  12. 


Mark. 
To  their  Sight  Draft, 

•  <  tt  (4  tt 

"  CiMlit  Bal.  of  Int. 


1876. 

1000 

2 

11 

13 

81 

Nov.    8. 

1000 

19 

3 
28 

69 

"     27. 
Dec.  18. 

1877. 
Jan.     8. 
Feb.    7. 

"     28. 
Mch.  14. 

40  50 

Mark. 
By  Forw'g  Inv.  No.  2, 

«  tt  ti  Q 

..      tt  ^2,' 


it 
tt 


ti 
>< 

<4 


« 
tt 
it 

tt 


"  16, 
"  21, 
"  30, 
"  36, 


470 

4 

23 

705 

4 

4 

145 

— 

3 

13 

255 

^^_ 

2 

23 

169 

1 

24 

150 

30 

1 

3 

20455 

17 

13  7 

17h- 
2^90 

412 

177 

96 

_^ 
4050 


BOOK-KEEPER'S  MEMORANDUM. 

Outside  Resources. 

Office  Farnitare  and  Gas  Fixtures 

Interest  on  G.  Glenmore  &  Co.'s  Note,  7  %  upon  1025.80  for  24  diys'. '. '. '.  '..*.; '.  '..*.*;**  *.  *.  *.  *  *.  *.  *. '.  ] .  ] 

Outside  Liabilities. 

Credit  Balance  of  Interest  in  P  Danzas  &  Lux's  Account  Current,  Frcs.  99.74  @  20^         20  45 

Wm.  Rapp  &  Co.'s        '•  "        Mark  23.—  @  25i|. . ! .'.'  5^87 

All  preparatory  work  being  done,  the  Double  Statement  is  executed  on  the  Balance  Sheet 
on  the  next  page.  ' 


6001- 

479 


26  33 


as  seen 


102 


il 


GQ 
O 

<1 
pq 

:^ 
O 


ft 
P^ 


0>QQaQO«PQSS&«0 


g  2  « ^  2  I 


103 


To  all  intents  and  purposes  the  Set  of  Books,  working  toward  the  accom- 
plishment of  the  Double  Statement,  is  complete  and  finished. 

The  record  of  the  Notes  Payable  and  Receivable,  and  of  the  Account  Sales, 
appertaining  to  this  Set,  is  added  only  by  way  of  a  memorandum  on  the  follow- 
ing pages.     They  are  not  contributory  to  the  Balance  Sheet. 

Some  houses  keep  the  notes  loosely  recorded  in  a  kind  of  rough  Tickler  or 
Diary;  but  since  notes  are  substitutes  for  Cash,  and  relied  upon  as  such,  when 
due,  and  since  reference  to  them  is  essentially  necessary,  to  attain  the  greatest 
possible  accuracy,  it  is  worth  while  keeping  an  accurate  memorandum  of  them. 

It  has  been  usual  to  have  Account  Sales  copied  in  separate  books.  This  is 
entirely  unnecessary,  as  they  are  mere  transcripts  of  the  Sales  Accounts,  which 
show  the  original  record.  But  if  it  is  expressly  desired  to  retam  copies  of  them, 
this  should  be  done  by  the  copy-press,  and  the  fac-similes  kept  on  Patent  File. 


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108 


ACCOUNT   SALES 

Of  160  Cases  Italian  Braids,  received  per  Steamer  Alexandria,  Capt.  McKay,  from 
Leghorn,  and  sold  for  account  of  Messrs.  Menotti  &  Fratella. 


1877. 
March  10 


15 


Sold  Reed  &  Lock  wood,  Milwaukee,  for  Cash : 

10  cases  @  300  =  3000  pes.  Ecrue  Manila ^     40c. 

10      «      @  200  —  2000    "     Tape  14/15 ©11.— 

"      @  150=^1500    "     Noir  Tape,  16/17 @    1.26 

*•      ©300  —  3000    "     Scalcasimo ©      .92 


10 
10 


6  %  Discount  off 


22 


Sold  Reed  &  Lock  wood,  Milwaukee,  for  Note  @  2  moa  : 

30  cases  @  300  —  9000  pes.  Ecrue  Manila ©     40c. 

30      «      @  200  =  6000    "     Tape,  14/15 @|1.— 


1200 
2000  — 
1875 


2760 


7885 
470 


8600 
6000 


4  %  Discount  off. 


u 


2 

2 

2 

8 

8 

15 

22 

22 

22 


Sold  Reed  &  Lockwood,  Milwaukee,  for  Note  @  4  mos. : 

30  cases  @  150  —  4500  pes.  Noir  Tape,  16/17 @  $1.25 

80      "     ©300  —  9000    "     Scalcasimo ^      .92 


9600 
384 


10 


7864 


90 


5625 
8280 


2  fi  Discount  off. 


Chakoes. 

Duties  at  Custom-house,  Frcs.  36128.75  @  193,  prem,  on  gold,  1045^^. 

Freight  as  per  B/L 

Cartage,  Labor  and  Custom-house  Fees |198  50 

Sundry  Telegrams jg 

Postages  and  Circulars 13 

Cartage  and  Labor  on  Shipping  40  cases 20 


It 


« 


<t  M 


«  ft 


U 


60      " 
60      ♦' 


80 
80 


Storage  and  Repair  of  Cases. 160 

Insurance,  viz..  Fire,  %  %  upon  |22000 


9216 


13905 

278 


7304 
800 


10 


06 


13626 


80207 


90 


80 


23i  Commission,  3  ^  on  Sales 

Het  prooeedi  due  July  12th,  1877. 


466 


50 


55  — 
906123 


9531 


20676 


79 
01 


E.  &  O.  E.,  Nbw  Yobk,  March  22,  1877. 


Murray  k  Dermont, 

per  J.  C.  Swift. 


i 


i 


w 


Jl' 


109 


ACCOUNT  SALES 

Of  400  Bales  Canton  Braids,  received  from  Canton  via  Shanghai,  per  bark 
Ladj  Elizabeth,  Capt.  Cobbet,  and  sold  for  joint  account  of  ourselves  and 
Messrs.  Hartingtoji  Bros. 


90 


1877. 

March  19         Sold  Hastings  k  Griffin,  Chicago,  for  note  @  3  mos. : 

100  bales  @  240, 

24000  \KS.  White  Canton  Braids @  70c 

3  %  discount  oflF 

Sold  Wilson  &  Kelly,  Baltimore,  for  cash  : 

50  bales  @  240  —  12000  pes.  White,    ^  70c $8400.— 

50    "      T@  240  —  12000    "    Mottled,  @  45c 5400.— 

6  ^  discount  off. 

Sold  Union  Straw  Works,  St.  Louis,  for  note  @  2  mos. : 
50  bales  @,  240, 
12000  pes.  White @  70c.— 

4  %  discount  oflf 

Sold  Baldwin  k  Pratt,  Milford,  Conn.,  for  note  @  4  mos. : 
50  bales  @  240, 
12000  pes.  Mottled @  45c; 

2  %  discount  off. 

Sold  A.  Alden  k  Co.,  Middleborough,  Mass.,  for  cash  : 
100  bales  ®  240, 
24000  pes.  Mottled @  45c. 

6  %  discount  off. $648.— 

For  collection 12.69 


84 


80 


M 


M 


•( 


16 
16 
17 
17 
19 
19 
20 
21 
27 
80 


Charges. 

Duties  at  Customhouse,  $11434.—,  gold  @  104t 

Cartage,  Labor  and  Custom-house  Fees 315 

Labor  upon  400  Bales 15 

Sundry  Telegrams 24 

CarUge  and  Labor  on  Shipping  100  Bales  .    .   50 

100     "     60 

50     '*     25 

••  50     "     25 

100     "     60 

Storage  and  Repairs  of  Bales 300 


(t 


•  t       t4 


*<      M 


U  U 


11977  64 


16296 


12972  — 


8064  — 


5292  — 


10139 


52763 


80  Insurance,  viz..  Fire,  i  J^  on  $36000. 
30j  Commission.  2  jf  on  Sales 


854 

90 

1055 


27 


Ket  Proeeedf  Due  Jime  8,  1877. 

Messrs.  Hartington  Bros.  3^  net  proceeds. 

Our  }4    '*  "      . 

E.  &  O.  E.,  New  York,  March  30,  1877. 


13976 


38786 


91 
40 


.$19,393.20 
.  19,393.20 


MlTRRAT  k  DeRMONT, 

Per  J.  C.  Swift. 


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